This exceptional investment opportunity presents a newly constructed, state-of-the-art self-storage facility in Moraine, Ohio. Completed in June 2024, the property boasts 80,850 square feet across twelve single-story buildings on a 4.78-acre lot. The facility features 464 units, offering six different sizes to cater to diverse storage needs, including options for boat and RV storage. Secured with a perimeter fence, keypad entry, and security cameras, access is available 24/7. The property benefits from a prime location on Dryden Road, a major commercial corridor, with excellent visibility from I-75 and direct access from a nearby on-ramp. This high-traffic area sees over 11,500 vehicles daily at the intersection of Dryden Road and Arbor Boulevard, and I-75 boasts over 110,000 vehicles daily. The facility is strategically positioned near densely populated residential neighborhoods, the University of Dayton, and numerous businesses, creating a strong and readily available customer base. The asking price is $7,200,000, with a pro-forma NOI of $621,244 and a pro-forma cap rate of 8.63%. This represents a compelling investment in a thriving market with significant upside potential due to the low square footage per capita in the area, indicating high demand. The property is offered fee simple.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$14,121,351
Hospitality
$12,935,081
Educational
$10,761,836
Medical
$11,131,952
Retail
$16,740,634
Location Insight
City
Moraine
County
Montgomery
State
Ohio
Latitude
39.7197
Longitude
-84.2186
CBSA code
19430
CBSA name
DAYTON-KETTERING, OH METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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