2455 Dryden RdMoraine, OH 45439

  • Commercial real estate
  • 77,874 SF
For Sale
$7,200,000 View listing

Property Details for 2455 Dryden Rd

Year built
1969
Lot size
4.78 AC
Property size (Sq ft)
77,874 SF
Property type
Commercial real estate
APN
J44 04105 0084
APU
J44041050084

Description

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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$13,987
$146,970
$40
$147,010
-
$419,900
$110
$420,010

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