Shelbyville Storage
Closed450 Industrial Park Dr, Shelbyville, IN 46176
Property type
Self Storage
Unit / Space count
110
Price
N/A
Building size
17,200 sf
Rentable area
17,200 SF
Year built
1990
Year renovated
Occupancy
Zoning code
Lot size
1.00 Acres
Sold/status
Sold · Date unknown
CAP
7.59%
Property description
Value-Add Self Storage Facility Featuring 110 Non-Climate Units Totaling 17,200 Net Rentable Square Feet Facility is Configured for Remote Management Allowing for a Seamless Transition to New Ownership Facility is 93.64% Physically Occupied, but Only 69.71% Economically Occupied, Allowing for Significant Upside Through Stabilization Opportunity to Increase Revenue Through Steady Rent Increases to the Existing Tenant Base and Maximizing Ancillary & Tenant Insurance Income Streams Facility Offers Strong In-Place Street Rates That Are Supported By Institutional Competitor in the Market Shelbyville is Located Just 25 Miles Southeast of Indianapolis and is Home to 20,100 Residents The Indianapolis-Carmel-Anderson MSA is the Largest in Indiana and is Home to 2,074,537 Residents