10006 Milan RdMilan, OH 44846

Property Details for 10006 Milan Rd

Year built

2024

Property size (Sq ft)

1,320 SF

Property type

Industrial properties

Property subtype

Self storage facilities

Description

This exceptional self-storage investment opportunity in Milan, Ohio, presents a portfolio of ten newly constructed (2024) individual storage condominium units, each boasting 1,320-13,200 square feet of space. The property, situated on a lot of 1,320-13,200 square feet, features a total net rentable area of 13,200 square feet, currently generating a strong NOI of $82,000, representing an 8.20% cap rate. Each unit is priced at $100,000, with the entire portfolio offered at $1,000,000. Units are currently leased at $850 per month, offering immediate cash flow. The units are high-quality, featuring 16-foot ceilings, 14' x 13' overhead automatic garage doors, 60' wide driveway access, full insulation, LED lighting, epoxy-sealed concrete floors, and individual man doors. Optional upgrades include half bathrooms, ceiling fans, and upgraded electrical systems. The property is zoned for industrial use and offers secure, heated, and private storage solutions, ideal for RVs, car collections, boats, and both private and commercial storage needs. Phase 2 of construction is nearing completion. This is an owner-user investment opportunity with financing available. The property is located at 10006 Milan Rd, Milan, OH 44846.

Location Insight

City

Milan

County

Erie

State

Ohio

Latitude

41.3471

Longitude

-82.6307

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