3661 Us Highway 27 Winchester, IN 47394
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High-Demand Climate-Controlled Units, Excellent ROI
Property size:
29,000 SFProperty Features for 3661 Us Highway 27
General Information
- Property type
- Self storage facilities
- Square Feet
- 29,000 SF
- Class
- A
- Lot Size
- 304,920 SF
Building Details
- Year Built
- 2023
- Buildings
- 3
- Stories
- 1
- Units
- 153
Listing Agency: Hahn Kiefer Real Estate Listing Agent: Ryan Black
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Class A self-storage facility presents a compelling value-add investment opportunity in Winchester, Indiana. Boasting 29,000 net rentable square feet across three single-story buildings, this newly developed (2023) property comprises 153 units, including climate-controlled options. Currently operating at 75% occupancy, with a projected full occupancy date of November 7, 2024, the facility generates a strong NOI of $153,401, yielding a 6.97% cap rate. The asking price is $2,200,000, translating to $75.86 per square foot and $14,379.08 per unit. Situated on a 7-acre lot with ample outside parking (14,500 sq ft, 50 spaces), the property benefits from a prime location on US Highway 27, a major north-south thoroughfare connecting Fort Wayne and Cincinnati. The property is zoned commercial and features 8-14ft ceiling heights. Significant expansion potential exists, with site work already completed for a planned second phase adding another 40,000 square feet, bringing the total to 69,000 square feet. All necessary approvals and entitlements are in place for this expansion. This fee-simple ownership offers a turnkey operation with immediate cash flow and substantial upside potential. The gross lease structure simplifies management.
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Location Insight
- Map
- Local Demand
- City
- Winchester
- County
- Randolph
- State
- Indiana
- Longitude
- -84.975869597241
- Latitude
- 40.214977040096
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FAQs
What type of property is this?
Self storage facility - High-Demand Climate-Controlled Units, Excellent ROI
Where is this self storage facility located?
The property is located at 3661 Us Highway 27 Winchester, IN.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: New turnkey development in Winchester, IN.; 29,000 square feet of net rentable space with 153 units.; 14,500 square feet of outdoor parking with 50 spaces.
