Traditional Site

41860 Oberlin Elyria Road - Elyria, OH  44035

Elyria Self-Storage is well located attracting tenants from the busy road between Elyria and Oberlin OH with attractive, highly visible frontage just over two miles from an intersection with US highway 20, the gateway to Oberlin and two miles from the center of Elyria. This facility includes 17,200 square feet of storage space with approximately 135 units, substantial recreational vehicle storage space and with 4.78 acres, much room to expand. A comfortable detached 600 square foot office with three rooms plus handicap accessible restroom office waits to greet customers and could be easily divided providing additional rental income from a tenant such as attorney, accountant or such. The self storage business was started in 2000 and has enjoyed steady growth; Square footage occupancy is approximately 90% even at the seasonally low occupancy January month indicating an opportunity to add another building. The owner reports that the business has enjoyed almost full occupancy over the years, indeed shortly after purchasing the facility he constructed a 4,200 square foot building. The facility is operated by the owner who has ten scheduled weekly hours and is available on call for new rentals.

$1,194,600
Property Type:
Traditional Site 
Status :
Available 
Gross Square Feet:
17,800 Sq Ft
Rentable Square Feet:
17,200 Sq Ft
Acreage:
4.78 Acres
# of Floors:
1 Floor
Number of Buildings:
5 Bldg(s)
Number of Units:
135 Unit(s)
Room For Expansion
Yes
Cap Rate:
8.50 %
Days Listed:
17 Days
Updated:
02/05/19 

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