607 B StBroken Bow, NE 68822

For Sale
$1,200,000

High-Occupancy, Strong NOI, Excellent ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional self-storage portfolio in Broken Bow, Nebraska, presents a compelling investment opportunity. Comprising two properties located at 607 S B St and 603 Cherry Ave, the portfolio boasts a combined 21,430 square feet of net rentable space across 106 units housed within six buildings. Currently operating at 100% occupancy, the portfolio generates a strong net operating income (NOI) of $84,084, representing a 7.01% capitalization rate. A pro-forma NOI of $99,005 projects an even more attractive 8.25% capitalization rate, reflecting significant upside potential. Built in 2010 and 1999, respectively, the properties sit on approximately 0.86 and 0.18 acres of land. The properties are identified by APN numbers 001072300 and 001196800. The asking price for this turnkey investment is $1,200,000. Opportunities exist to increase rental rates given the current high occupancy and to implement additional revenue streams such as tenant insurance and administrative fees. Seller financing options are available, making this an attractive proposition for a wide range of investors.

Highlights

  • Exceptional self-storage portfolio investment opportunity in Broken Bow, Nebraska. Two properties totaling 21,430 square feet of net rentable space in 106 units across six buildings.
  • Currently 100% occupied, generating $84,084 NOI with a 7.01% cap rate; pro-forma NOI of $99,005 projects an 8.25% cap rate.
  • Located on approximately 1.04 acres (APN 001072300 and 001196800), with buildings constructed in 1999 and 2010.
  • Asking price: $1,200,000. Significant upside potential through rental rate increases and additional revenue streams (tenant insurance, admin fees).
  • Seller financing available.

Property Details for 607 B St

Property type
Self storage facilities, Industrial properties
Year Built
2010
Buildings
6
Units
106

Location Insight

City
Broken Bow
County
Custer
State
Nebraska
Latitude
41.4046803
Longitude
-99.6365625
607 B St, Broken Bow, Nebraska

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607 B St
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