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Self-Storage Facility

Spacelocks Storage

406 SE 45th St, Topeka, KS 66609

Listing Price: $2,075,000

Cap Rate
1.73%
Number of Units
185
Occupancy
64.0%
Gross SF
18,775
Rentable SF
18,775
Price/Rentable SF
$110.52
Year Built
1997

Investment Overview

Marcus & Millichap is pleased to offer for sale Spacelocks Storage located in Topeka, Kansas. The site currently features 130 non-climate units and 55 parking spaces totaling 18,775 net rentable square feet. There is a 7,000 square foot pad ready for an expansion on the north side of the property. The sellers have invested significant capital in the property on things like a new keypad, fence, painting, and doors, as well as preparing for further expansion. There is upside through the expansion opportunities as well as tighter management.

Investment Highlights

  • Topeka, Kansas Self Storage Facility
  • 18,775 Net Rentable Square Feet
  • 130 Non-Climate Controlled Units & 55 Parking Spaces
  • 7,000 SF of Pad Ready Expansion Room on North Side of Property
  • Significant Management Upside

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KS: 00241410

    Kansas

Financing By

Self-Storage Facility

Spacelocks Storage

Listing Price: $2,075,000

Cap Rate
1.73%
Number of Units
185
Occupancy
64.0%
Gross SF
18,775
Rentable SF
18,775
Price/Rentable SF
$110.52
Year Built
1997

Investment Highlights

  • Topeka, Kansas Self Storage Facility
  • 18,775 Net Rentable Square Feet
  • 130 Non-Climate Controlled Units & 55 Parking Spaces
  • 7,000 SF of Pad Ready Expansion Room on North Side of Property
  • Significant Management Upside

Investment Overview

Marcus & Millichap is pleased to offer for sale Spacelocks Storage located in Topeka, Kansas. The site currently features 130 non-climate units and 55 parking spaces totaling 18,775 net rentable square feet. There is a 7,000 square foot pad ready for an expansion on the north side of the property. The sellers have invested significant capital in the property on things like a new keypad, fence, painting, and doors, as well as preparing for further expansion. There is upside through the expansion opportunities as well as tighter management.

Broker of Record

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KS: 00241410

    Kansas

Financing By

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