14326 County House Rd Albion, NY 14411
- Warehouses
- 4,800 SF
- 13.25 lot acres
May 27, 2022
Current Use by Public Records
- Orleans Self Storage / Storage Facility
Property Details for 14326 County House Rd
- Year built
- 2020
- Lot size
- 13.25 lot acres
- Property size
- 4,800 SF
- Property type
- Warehouses
- APN
- 342089 84.-1-61.121
- APU
- 34208984161121
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Albion
- County
- Orleans
- State
- New York
- Longitude
- -78.1969
- Latitude
- 43.218
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA