1540 Yale Ave Tulsa, OK 74115

Property Details for 1540 Yale Ave

Year built

2001

Lot size

2.70 lot acres

Property size

21,017 SF

Property type

Self storage facilities

Description

This exceptional 21,017-square-foot self-storage facility in Tulsa, OK, presents a compelling investment opportunity. Boasting 205 units (133 non-climate-controlled, 72 climate-controlled), two covered and 68 uncovered parking spaces, and two leased residential units, the property is situated on 2.7 acres at 1540 N Yale Ave, Tulsa, OK 74115. Built in 2001, the facility comprises ten buildings with metal standing seam roofs, a leasing office connected to a 1,000-square-foot manager's residence, perimeter fencing and lighting, a key-pad gate system, 24-hour camera surveillance, and automated remote leasing technology. Currently operating at 91% occupancy, the property offers significant upside potential. Approximately 36% of tenants are below current market rates, presenting immediate opportunities to increase revenue. Further expansion is possible by converting uncovered parking spaces into additional storage units. The property enjoys a prime location with no competitors within a one-mile radius, and benefits from Tulsa's robust economic growth, including major investments in solar energy manufacturing and theme park development. The asking price is $2,500,000, representing a compelling $118.95 per square foot and an 8.11% cap rate. Projections indicate potential for increased returns in subsequent years. This is a rare opportunity to acquire a stabilized, high-performing asset with substantial value-add potential in a thriving market.