SOLD
Self Storage Investment Property

Investment Highlights

Value-add property with significant upside available through revenue management and increasing street rates
Potential Rental Income at current street rates is 30% below competitors’ street rates
Attractive price per square foot compared to replacement cost
Located near Eufaula Lake, Oklahoma’s largest lake
Additional 2 acres of land available for expansion

General Description

C & H Storage is a 28,400 rentable square foot self-storage/RV/boat facility, completed in 2014. It sits on 4.04 acres with Hwy 69 frontage, 1/2 mile from Lake Eufaula, the largest lake in Oklahoma, and a couple miles east of Lake Eufaula State Park. The property has a fenced perimeter, gate access and concrete driveway. The RV units have electrical outlets with the Landlord paying the electric. The property has an additional 2 acres of unimproved land that can be used for parking or expansion and a 3,200 rentable square foot building which could be converted into storage or rented to a single user.

C&H has achieved stabilized physical occupancy with a 61% economic occupancy, which can be quickly improved through increasing rents on existing tenants.

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