708 Kenosha St, Broken Arrow, OK 74012-8913

This exceptional Class A self-storage facility, located at 708 W Kenosha St, Broken Arrow, OK 74012 (Tulsa MSA), presents a compelling investment opportunity. The property, encompassing 201,247 square feet on a 4.62-acre lot (APN: 98403-84-03-72140), boasts 46,418 net rentable square feet across 322 units within a single, one-story building. Currently operating at 92.9% occupancy, this asset benefits from a gross lease structure and multi-tenancy. Extensive renovations were completed in 2020, including a TPO roof overlay with a 20-year transferable warranty and the installation of exterior glass window walls. The property features prominent frontage with reader board signage and is situated in a densely developed area, less than a mile from the revitalized Rose District. Strong demographics within the three-mile trade area include an average household income of $111,116 and a population of 73,000. The property is zoned PUD-79C & BAZ-208/IL/CG. Significant upside potential exists through capturing tenant insurance revenue and pursuing an approved PUD amendment for expansion, along with monetizing the pad site to reduce the acquisition cost. This is a truly institutional-quality asset in a prime infill location with high barriers to entry. The property is currently managed by Extra Space Storage (third-party management). The sale is offered by the owner, Kenosha Street Self Storage LLC. Offers are due November 8th, 2024.