6500 Jefferson Boulevard - Louisville, KY 40219
Cushman & Wakefield | Commercial Kentucky has been retained as exclusive advisor to offer for sale, One and Done Self Storage, a 1,071 unit, 107,000 square foot facility located in south central Louisville (the “Property”).
The Property sits on 10.8 acres and is a best-in-class, institutional quality asset with a prominent, visible location in a dynamic area.
One and Done Self Storage is a newly constructed, institutional quality project with amenities that provide a distinct competitive advantage in the market. The project has superb exposure from Jefferson Boulevard and provides excellent ingress/egress that allows for easy maneuvering of large vehicles. The area includes existing multi-family developments with new properties just opened, dense residential neighborhoods, commercial businesses, large employers and a significant concentration of retail. One and Done Self Storage offers convenient access to area freeways and commuter corridors.
This offering represents a rare opportunity to acquire a recently built and large self-storage asset in a strong, rapidly growing part of Louisville. The property was developed and opened for business in September 2016 and has seen excellent lease-up trends. The asset is currently 47% leased (as of June 2018) and offers significant upside for an owner as leasing activity and occupancy increases above current levels.
The Property is unpriced and offered free and clear of any existing debt, allowing potential buyer/investors to take advantage of the attractive current capital markets environment.