Marcus & Millichap is pleased to offer Imperial Self Storage and RV Development at 5501 Black Creek Road, Imperial, Missouri strategically located directly parallel to Interstate 55 with approximately 2000 feet of highway frontage and a traffic count of over 90,000 vehicles daily. This acquisition offers a qualified investor the opportunity to develop a facility with excellent visibility and ideal demographics for storage.
Imperial is located in Jefferson County, Missouri in the St. Louis market, 11 miles from St. Louis County and 23 miles south of St. Louis city. Jefferson County has the 6th largest population in the state of Missouri. In a 3 mile radius of the site, there are 6.34 square feet of self storage per person and population of 36,367. With a population of 3,641 in a 5 mile radius, there is about 4 square feet of storage per person, well below state and national indices, which according to the Self Storage Almanac are 9.47 and 7.06. Median household income in a 5 mile radius is $71,923 annually.
Imperial Self Storage and RV Development includes Phase I and Phase II plans. Phase I and II are currently awaiting final approval from Jefferson County. Phase I includes 79 RV stalls and 65,000 net rentable square feet of storage of which 14,840 is climate controlled. Phase II includes RV 24 stalls and 32,500 square feet of climate controlled storage. Phase I gross potential rent is $844,855 and upon stabilization, the estimated NOI is $434,167.
The complete Market and Feasibility Analysis performed by Self Storage 101 to be shared upon execution of a contract.