Overview
This is an exclusive opportunity to buy Heated Storage Ohio. The Heated Storage Ohio offers a plethora of different unit sizes to fit a variety of different client needs.
Property Details
Highlights
- Indoor, Climate-Controlled Vehicle Storage and Outdoor Boat & RV Storage: The property combines climate-controlled indoor units for vehicle storage with fenced outdoor space for boats and RVs, totaling 65,000 NRSF across 218 units.
- Strong In-Place Revenue: $194,797 in current scheduled base rental income, with Year 1 projected NOI of $110,040 growing to $134,397 by Year 5 under conservative underwriting assumptions.
- Recreation-Driven Demand Driver: Located minutes from Lake Erie, Terrace Beach, and Conneaut Township Park Golf Club, positioning the property to capture consistent seasonal demand for boat and RV storage from the local lake-and-recreation community.
- Supply-Constrained Trade Area: The 5-mile trade area shows rentable self-storage supply of just 8.10 square feet per capita, well below saturated-market benchmarks.
- Positioned in the Cleveland-Elyria, OH MSA: Located within a $173.1B GDP metro anchored by major healthcare, manufacturing, and financial-services employers, with roughly 87,000+ undergraduate students enrolled across 44 area colleges and universities.
Location
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