Property summary
This exceptional self-storage facility in Albion, NY, presents a compelling value-add investment opportunity. The property boasts 222 units across six existing buildings, totaling 33,000 square feet on a 5.25-acre lot (APN: 342089-84.-1-61.121). Built in 2020, the property offers a current cap rate of 6.51% and a pro-forma cap rate of 8.17%. Approved plans are in place for a significant 20,000 square foot expansion, adding substantial future value. This expansion will include three new buildings, creating additional storage units. The cleared land allows for further expansion possibilities. The property benefits from a modified lease type and multi-tenancy structure. Seller financing is available, making this an attractive acquisition for investors seeking a strong cash-on-cash return (17.68% in year one). The property's location in Albion, part of the Rochester metropolitan area, offers convenient access to major transportation routes and a growing tourism sector. Further upside potential exists through rental rate increases. The asking price is $3,100,000.
Property profile
VerifiedCap rate & NOI
Current use
-
Storage Facility
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2020Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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