325 Berry Ave Rose Hill, KS 67133-9501

This exceptional investment opportunity presents a portfolio of three self-storage facilities totaling 51,675 square feet and encompassing 324 units. Strategically located in Rose Hill and Park City, Kansas, within the Wichita MSA, this portfolio offers significant upside potential. The properties boast numerous recent upgrades, including automatic gates, keypads, security cameras, LED lighting, and gravel surfaces. The portfolio currently enjoys an 89.2% occupancy rate, generating a Net Operating Income (NOI) of $244,857, with a pro-forma NOI projected at $308,297. The asking price is $3,100,000, representing a current cap rate of 7.90% and a pro-forma cap rate of 9.95%. The properties are situated on a combined 4.71 acres, offering expansion possibilities at the Rose Hill locations. The portfolio utilizes StorEDGE software for efficient management. Rose Hill, a growing community, is known for its safety and excellent schools, while Park City is experiencing rapid commercial development, including a new Amazon fulfillment center and a planned casino. The Park City location presents an opportunity for rent increases due to below-market current rents. Further revenue enhancement is possible through the implementation of tenant insurance at all locations. This portfolio represents a compelling investment in a thriving market with substantial growth prospects. The properties are offered on a gross lease basis. The price per square foot is $59.99, and the price per unit is $9,567.90.