Self-Storage Portfolio with Drive-Up
1061 Banning St Marshfield, MO 65706
For Sale
$3,295,000
Two established storage facilities offer drive-up access, climate-controlled units, and upgraded 24/7 monitored security systems.
Property Size41,000 SF
Lot Size2.80 Acres
Price / SF$80.37
Days on Market78
Property Features for 1061 Banning St
General Information
Standard status
Active
Size
41,000 SF
Lot size
2.80 Acres
Listing Agency:
HOMECOIN.COM
(888) 400-2513
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Source:
Exprealty
Added: May 12
Changed: Jul 10
Last Checked: Jul 27 at 12:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HOMECOIN.COM
Investment Insights
Based on property information with market context.
This sale package includes two established self-storage facilities being sold together, totaling 346 storage units and approximately 41,000 net rentable square feet. Both sites feature drive-up units and climate-controlled storage served by all-electric heat pump HVAC systems. Security upgrades include full fencing, 24/7 gate access, and remotely monitored security systems with automated lockouts and code changes integrated via ESS software. The portfolio also includes a few outdoor storage spots at the Banning location, and both facilities have potential for small building additions. While currently not utilized, both locations have the ability to connect to public water and sewer.
Facility 1 is located at 1061 Banning St in Marshfield, MO on approximately 1.43 acres (zoned R-3) and offers 164 units, including 4 outdoor parking spaces. Facility 2 is located at 423 S Locust St in Marshfield, MO on approximately 1.37 acres (zoned B1/B3) and offers 182 storage units.
This configuration can support operators seeking a two-site, turnkey-style storage platform with consistent unit amenities across both properties, including climate control and monitored after-hours access. The presence of outdoor storage options at one site and the stated ability to add small buildings may also be relevant for planning future on-site improvements within the existing unit mix.
Facility 1 is located at 1061 Banning St in Marshfield, MO on approximately 1.43 acres (zoned R-3) and offers 164 units, including 4 outdoor parking spaces. Facility 2 is located at 423 S Locust St in Marshfield, MO on approximately 1.37 acres (zoned B1/B3) and offers 182 storage units.
This configuration can support operators seeking a two-site, turnkey-style storage platform with consistent unit amenities across both properties, including climate control and monitored after-hours access. The presence of outdoor storage options at one site and the stated ability to add small buildings may also be relevant for planning future on-site improvements within the existing unit mix.
Key Highlights
- Portfolio includes 2 established self‑storage facilities sold together, totaling 346 units and 41,470± net rentable sq. ft.
- Facility 1 at 1061 Banning St: 1.43± acres, zoned R‑3, with 164 units and 20,910± net rentable sq. ft.
- Facility 2 at 423 S Locust St: 1.37± acres, zoned B1/B3, with 182 units and 20,560± net rentable sq. ft.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $191.9k | $4.68 |
| − Vacancy | −$4.0k | −$0.10 |
| EGI | $187.9k | $4.58 |
| − OpEx | −$56.4k | −$1.37 |
| NOI | $131.5k | $3.21 |
41,000 SF · lease $4.68/SF/yr · vacancy 2.10% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$4.75M
$4.16M – $5.54M
NOI $332,690 @ 7.0% cap · market cap 10.10%
Second Best
Industrial
$1.88M
$1.64M – $2.19M
NOI $131,495 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$6.19M
$5.41M – $7.22M
NOI $433,176 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Self storage facility - Two established storage facilities offer drive-up access, climate-controlled units, and upgraded 24/7 monitored security systems.
Where is this self storage facility located?
The property is located at 1061 Banning St Marshfield, MO.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: Portfolio includes 2 established self‑storage facilities sold together, totaling 346 units and 41,470± net rentable sq. ft.; Facility 1 at 1061 Banning St: 1.43± acres, zoned R‑3, with 164 units and 20,910± net rentable sq. ft.; Facility 2 at 423 S Locust St: 1.37± acres, zoned B1/B3, with 182 units and 20,560± net rentable sq. ft.
