Property profile

15400 In-60 Borden, IN 47106

OFF-MARKET
Self storage facilities
8,755 SF
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Property summary

AI-generated overview

This exceptional self-storage facility in Borden, Indiana, presents a lucrative investment opportunity. Located at 15400 IN-60, this property encompasses approximately 11 acres, including 1.5 acres developed with a 49-unit self-storage complex and 7 RV/camper pads. The facility has undergone a major rehabilitation, boasting a new security camera system, LED security lighting, updated fencing, a coded security gate, and new doors. The asphalt parking lot has been expanded and improved. A smaller 25x35 building features a new concrete floor and a separate rear overhead slide door, complete with a city water meter. A comprehensive 24/7 excess management software system is in place, streamlining operations and receivables. The property also includes a flat, rocked area ideal for future expansion, potentially accommodating warehousing or additional RV/camper/boat storage. Its strategic location adjacent to Deam Lake State Park offers significant growth potential. The asking price is $640,000, representing a price per square foot of $73.10. This turnkey operation is ready for immediate income generation. The property's recent upgrades and prime location make it an attractive investment for experienced operators seeking a high-return asset in a desirable market.

Property profile

Verified
Property type Self storage facilities
Total area 8,755 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

15400 In-60 Borden, IN 47106
Borden metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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