4533 Lemay Ferry Road - St. Louis, MO 63129
The Mele Group of Marcus & Millichap is pleased to exclusively offer for sale Mehlville Storage in St. Louis, Missouri. St. Louis is the principal component of the St. Louis, Missouri-Illinois Metropolitan Statistical Area. Mehlville Storage is located in St. Louis, Missouri, the principal city of the Missouri-Illinois Metropolitan Statistical Area.
The subject serves the entire South St. Louis County area and provides bountiful amenities for all residential and commercial storage needs. Currently, the facility sustains exceptional economic and physical occupancies of 91.7 percent and 90.5 percent, allowing an investor to profit from the strong demand for self-storage within the region. Management prioritizes cleanliness and security, as the facility offers pristinely-maintained units and state-of-the-art security features for consumer safety. The facility also offers the opportunity to implement a robust tenant insurance program for an additional stream of revenue.
Consisting of 54,099 net rentable square feet on 4.96 acres, the facility maintains traditional self-storage units ranging from 15 square feet to 300 square feet. The property is secured with 24/7 video surveillance, ample lighting and fencing. The facility boasts impeccable construction and convenient ingress and egress to and from the property. Mehlville Storage also offers fantastic visibility from Lemay Ferry Road and Interstate 55. The property maintains two billboard, and recently converted its manager's apartment storage within the last year, along with the resealing and restriping of the parking area. The facility has an easement with Philips Pipe Line Co. to add a pipeline running through the back of the parcel, which will allow for implementing parking spaces but restricts building construction. The opportunity also allows an investor to capitalize on the facility through reallocating outdoor parking spaces into traditional storage units. In addition to these amenities, an investor has a prime opportunity to capitalize on the subject's prominent location in the voluminous St. Louis metropolitan area.
Conveniently situated on Lemay Ferry Road in St. Louis, Missouri, Mehlville Storage is perpendicular to Interstate 55 and is surrounded by several large residential communities. The facility is also adjacent to a large multifamily housing facility. Interstate 55 demonstrates traffic counts of over 125,000 vehicles per day. Interstate 255 is approximately .05 miles from the subject and maintains a traffic count in excess of 113,000 vehicles per day. The subject is also within 10 miles of Interstate 44, a major thoroughfare which demonstrates a vehicle count of over 119,000 daily. As reflected by the current occupancy levels, the property benefits from being situated in a highly-active residential corridor with excellent highway access.
The vicinity highlights a fantastic blend of residential homes and nationally-recognized retailers. The facility is adjacent to Jimmy John's Sandwich Shop, Sam's Club, Jack in the Box and Firestone Auto Care. The subject is within .05 miles of White Castle, Walgreens, PetSmart, Bank of America, Ashley HomeStore and Babies 'R' Us. Mehlville Storage is also within 1.5 miles of The Holiday Inn, Krispy Kreme Doughnuts, Best Buy, Dick's Sporting Goods, IHOP, The Home Depot, CiCi's Pizza, Hooters, Target, Costco and Chuck E. Cheese. In addition to the adjacent multifamily complex and multitude of residential neighborhoods within the vicinity, the subject is situated within a mile of the Brazilia Apartments, the Kinswood Apartments and the Heatherbook Garden Apartments. The South Summit Apartments, Oakbrook Gardens Apartments, Vineyard Apartments and Canyon Creek Apartments are also within 1.5 miles of the facility.
Mehlville is a suburban component of St. Louis, which is situated in the St. Louis, Missouri-Illinois Metropolitan Statistical Area. The city of St. Louis is well-renowned as the center of commerce and the key mainstay in the region. St. Louis plays a major role in the medical industry, as the city is home to The Washington University School of Medicine and The St. Louis University Medical School, both of which have prominent ties to prestigious hospitals within the region. St. Louis maintains a booming economy which sustains a multitude of businesses. The city is home to major corporations such as AnheuserBusch, Energizer, Express Scripts and Edward Jones Investments. There are nine Fortune 500 companies situated in the St. Louis metropolitan area. The region thrives as the undisputed economic centerpiece of the county.
The sale price for Mehlville Storage will be determined by the market.