Current Use by Public Records
- Storage Concepts Sandusky / Storage Facility
Property Details for 10006 Milan Rd
- Year built
- 2024
- Property type
- Self storage facilities
- Property subtype
- Flex space
Description
This exceptional self-storage investment opportunity in Milan, Ohio, presents a portfolio of ten newly constructed (2024) individual storage condominium units, each boasting 1,320-13,200 square feet of space. The property, situated on a lot of 1,320-13,200 square feet, features a total net rentable area of 13,200 square feet, currently generating a strong NOI of $82,000, representing an 8.20% cap rate. Each unit is priced at $100,000, with the entire portfolio offered at $1,000,000. Units are currently leased at $850 per month, offering immediate cash flow. The units are high-quality, featuring 16-foot ceilings, 14' x 13' overhead automatic garage doors, 60' wide driveway access, full insulation, LED lighting, epoxy-sealed concrete floors, and individual man doors. Optional upgrades include half bathrooms, ceiling fans, and upgraded electrical systems. The property is zoned for industrial use and offers secure, heated, and private storage solutions, ideal for RVs, car collections, boats, and both private and commercial storage needs. Phase 2 of construction is nearing completion. This is an owner-user investment opportunity with financing available. The property is located at 10006 Milan Rd, Milan, OH 44846.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Milan
- County
- Erie
- State
- Ohio
- Longitude
- -82.6307
- Latitude
- 41.3471
