2239 Oh-125 Amelia, OH 45102

Property Details for 2239 Oh-125

Year built

2018

Lot size

10.75 lot acres

Property size

28,500 SF

Property type

Specialty properties

Description

Exceptional investment opportunity in Amelia, Ohio's thriving market. This fully stabilized self-storage facility boasts 28,500 square feet under roof, offering 362 units ranging from 5x5 to 11x50, plus approximately 120 large outdoor storage slips. Built in 2018 with renovations completed in 2021, the property sits on a substantial 10.745-acre lot, including 3.131 acres in the south lot and 7.614 acres in the north lot, providing ample room for future expansion. The north lot, developed in 2021, adds 11,000 square feet and approximately 80 additional outdoor storage slips. The property enjoys approximately 600 feet of frontage on both sides of a major roadway, ensuring high visibility and accessibility. Currently operating at 91% occupancy, the facility generates a substantial net operating income (NOI) of $303,496.52, representing a 6.39% cap rate. The asking price is $4,750,000, with a price per square foot of $166.67. The property includes a 400-square-foot office and 10 outside parking slips. Extrapolated 2023 sales data indicates gross sales of approximately $350,000. This recession-proof investment is perfectly positioned for continued growth and NOI increases. The property is zoned for commercial use.