536 Monroe-Concord RdTroy, OH 45373

For Sale
$6,750,000

High-Demand Self Storage Investment

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional self-storage facility, located at 536 Monroe-Concord Rd, Troy, OH 45373, presents a lucrative investment opportunity. Built in 2021-2022, this nearly new facility boasts 46,808 square feet and comprises seven buildings housing 300 units, currently operating at 93% occupancy. The property features premium construction materials, including thicker gauge siding and extended-life (40-year) roof screws. The unique 6/12 roof pitch with 10-foot-on-center trussing maximizes interior cubic footage, allowing for higher rental rates. Designed for minimal maintenance, the site includes underground drainage connected to a detention pond, eliminating the need for interior mowing. Security is ensured with 42 POE cameras featuring night vision. Access is controlled via a 12-foot gate with a keypad adjacent to the remodeled on-site manager's house (currently rented). The facility's layout allows for potential unit subdivision to increase the number of rental spaces. The asking price is $6,750,000, translating to $144.21 per square foot and $22,500 per unit. This turnkey operation is ready for immediate ownership.

Highlights

  • Brand new facility, constructed in 2021 and 2022.
  • Existing facility features 278 self-storage units (214 currently occupied).
  • Includes main house, barn, and on-site office.
  • 94% occupancy rate at listing.

Property Details for 536 Monroe-Concord Rd

Property type
Other industrial properties, Self storage facilities
Square Feet
46,808 SF
Units
300

Location Insight

City
Troy
County
Miami
State
Ohio
Latitude
39.9946136
Longitude
-84.21277
536 Monroe-Concord Rd, Troy, Ohio

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536 Monroe-Concord Rd
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