1020 Griffith St, Park Hills, MO 63601
$3,500,000 (Listed Sold)

320 Unit Storage Facility In Park Hills

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Invest in St. Louis

320 Recently built storage units available located in Park Hills Missouri on 4.75 acres. These steel units comprising 69,240 total square feet feature a mix of boat and recreational vehicle storage, a large 60×60 storage unit that could be used to run a small business, medium and smaller storage units. The 60×60 unit is climate controlled and the majority of units offer both electricity and lighting. The secure storage facility features an app called spider door which allows for an owner and tenant portal which makes for easy, remote, contactless leasing and access. There has been very little marketing done with this complex which included marketing on facebook, a radio spot and one sign on the property. A future owner marketing with google and additional online advertising along with additional signage, billboards, etc will make a big difference with reaching high occupancy of the facility. There are numerous storage facilities nearby that are at
full capacity with higher rents for similar size storage units. There is the potential to be near $300,000 in gross rent based on 95% of capacity with market rents in the area. Great opportunity to have a large passive income with little management and oversight.

 

Property Location

Property Details:
Square Footage: 69,240 County: St. Francois County Units: 40+ Condition: Turn Key Occupancy: Some Units Vacant Parking: Off Street Parking, Parking Lot Heating: N/A Cooling: N/A Construction: Other Basement: None
Home Amenities:
Agent Details:
Agent: Conner Proffer Phone: 573-915-9115 Fax:
Contact Agent: Please use the form below to contact agent Conner Proffer about this listing.

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