9665 Us-20 Angola, IN 46703

This exceptional 14,236-square-foot self-storage facility in Angola, Indiana, presents a compelling investment opportunity. Boasting 73 units across four single-story buildings on a spacious 1.052-acre lot (APN: 76-05-20-000-020.070-005), this property offers significant upside potential. The facility comprises 400 square feet of climate-controlled units, 11,260 square feet of non-climate-controlled units, and 2,576 square feet of retail/office space. Currently generating a strong NOI of $53,515 and an 8.63% cap rate, a pro-forma NOI of $67,997 and a 10.97% pro-forma cap rate are projected. Strategically located on US Highway 20, experiencing 6,841 vehicles daily, this property benefits from a strong local market with a household income of $82,526 within a five-mile radius and a low square footage per capita (3.9 SF/capita). Further revenue growth can be achieved through lease-up, stabilization, and implementing tenant insurance. The property's location, eight miles west of downtown Angola, is in an undersupplied market, presenting an opportunity for expansion by converting commercial space into additional climate-controlled units. Built in 1997, this facility is priced at $620,000, or $8,493.15 per unit. This is a rare chance to acquire a value-add self-storage asset with substantial growth prospects in a thriving market.