15956 Veterans Memorial PkwyWright City, MO 63390

Property Details for 15956 Veterans Memorial Pkwy

Year built

2013

Lot size

3.69 AC

Property size (Sq ft)

19,950 SF

Property type

Self storage facilities

Description

This exceptional self-storage investment opportunity presents a 19,950 square foot facility located in Wright City, Missouri, boasting 141 units and a remarkable 92% occupancy rate. Built in 2013 and renovated in 2020, this single-story facility sits on a 3.69-acre lot, offering significant expansion potential. Currently operating at high occupancy, the property is strategically positioned on Veterans Memorial Parkway with excellent visibility from I-70, experiencing 26,000 vehicles per day. The asking price is $1,400,000, translating to $70.18 per square foot and $9,929.08 per unit. Located in the rapidly growing western suburbs of St. Louis, this property presents a compelling investment opportunity with substantial upside potential. The facility's prime location and high occupancy provide a strong foundation for future growth, with the possibility of adding over 24,000 square feet of additional storage space, increasing the total to 44,680 square feet. Further revenue streams can be generated through the addition of ancillary services such as tenant protection plans and truck rental commissions. This is a rare chance to acquire a well-established, high-performing self-storage facility with significant room for expansion and increased profitability in a desirable market.

Location Insight

City

Wright City

County

Warren

State

Missouri

Latitude

38.8224

Longitude

-91.077

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