20440 Us Hwy 40 Blue Springs, MO 64015

Property Details for 20440 Us Hwy 40

Year built

2019

Lot size

15.89 lot acres

Property size

1,200 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

34-600-04-08-02

APU

34600040802

Description

This exceptional self-storage facility in Blue Springs, Missouri, presents a compelling investment opportunity. The property, located at 20440 E US Hwy 40, boasts 88,550 square feet of rentable space across 15 single-story buildings, totaling 554 units. Built in 2020, the facility features high-quality construction, including Trachte storage buildings, concrete drive lanes, and a controlled access gate. The property also includes a convenient on-site retail office and manager's apartment, enhancing operational efficiency. With 23,000 square feet of outdoor storage, the total leasable area exceeds 100,000 square feet. Currently operating at 53% occupancy, the property offers significant upside potential for increased revenue. The property sits on 8.51 acres and includes substantial U-Haul rental income. Financial highlights include an asking price of $13,000,000, a pro-forma NOI of $493,737, and a pro-forma cap rate of 3.80%. The property's strong fundamentals, combined with its prime location in the Kansas City MSA, make it an attractive investment for discerning buyers. The property's Jackson County location and 64015 zip code further solidify its strategic position within the market. The price per unit is $23,465.70, and the price per square foot is $146.81. The net rentable square footage is 108,806 square feet. The property's APN is 34-600-04-08-02-0-00-000. The ownership is private.

Location Insight

City

Blue Springs

County

Jackson

State

Missouri

Longitude

-94.339

Latitude

39.0272

CBSA code

28140

CBSA name

KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments