3661 Us-27, Winchester, IN 47394

This exceptional Class A self-storage facility presents a compelling value-add investment opportunity in Winchester, Indiana. Boasting 29,000 net rentable square feet across three single-story buildings, this newly developed (2023) property comprises 153 units, including climate-controlled options. Currently operating at 75% occupancy, with a projected full occupancy date of November 7, 2024, the facility generates a strong NOI of $153,401, yielding a 6.97% cap rate. The asking price is $2,200,000, translating to $75.86 per square foot and $14,379.08 per unit. Situated on a 7-acre lot with ample outside parking (14,500 sq ft, 50 spaces), the property benefits from a prime location on US Highway 27, a major north-south thoroughfare connecting Fort Wayne and Cincinnati. The property is zoned commercial and features 8-14ft ceiling heights. Significant expansion potential exists, with site work already completed for a planned second phase adding another 40,000 square feet, bringing the total to 69,000 square feet. All necessary approvals and entitlements are in place for this expansion. This fee-simple ownership offers a turnkey operation with immediate cash flow and substantial upside potential. The gross lease structure simplifies management.