Current Use by Public Records
- Self storage facilities
Property Details for 635 Old Hwy
- Property type
- Self storage facilities
Description
This exceptional investment opportunity presents a three-property self-storage portfolio ideally situated in Abilene and Solomon, Kansas, approximately 30 miles west of Junction City. The portfolio comprises three facilities totaling 19,026 square feet across three locations. The Abilene property, situated at 635 Old Hwy 40, boasts 12,712 square feet on a 2.5-acre lot, including covered and container storage, and features an automated gate and ample room for expansion. In Solomon, one property at 305 E Main St offers 2,120 square feet on 0.49 acres, while the other, located at 106 S Pine St, provides 4,194 square feet on 0.11 acres. All three facilities benefit from a remote management system, ensuring efficient operation and minimizing overhead. This portfolio presents a compelling investment opportunity with a 6.80% cap rate and strong potential for future growth due to its strategic locations within a 10-mile radius and the inherent demand for self-storage units in the area. The asking price for this turnkey operation is $889,000 with a gross lease type and multi-tenancy. This is a rare chance to acquire a well-established, income-producing asset with significant upside potential.
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
- Abilene
- County
- Dickinson
- State
- Kansas
- Longitude
- -97.2732
- Latitude
- 38.9071
