Listing Summary
Prime Storage offers a rare investment opportunity in Steele, Missouri, as the only Self-Storage facility in town.
Full Description
John 14:6: Jesus said to him, "I am the Way, the Truth, and the Life. No one comes to the Father except through Me."
Prime Self-Storage Investment in Steele, Missouri
Prime Storage presents a rare investment opportunity as the sole self-storage facility in Steele, Missouri. Located strategically on a main thoroughfare at 743 S Walnut St, this property boasts strong visibility and easy access from US Highway 55, which sees 16,586 vehicles daily.
Situated on a 0.44-acre lot, the facility includes a single-story metal building offering 4,725 rentable square feet across 41 units. With a pricing guidance of $104,000 (just $22.01 per square foot), this is a compelling value-add opportunity.
Currently at 51% physical occupancy, there's significant revenue upside for an investor through improved management and lease-up strategies. Operations are streamlined with open-unit management software. Built in 1990 with durable metal and steel, Prime Storage ensures long-term structural reliability. Plus, it's conveniently located just an hour north of Memphis, Tennessee, connecting it to a larger economic hub. With seller financing available and a strong proforma cap rate of 26.55%, this asset offers an accessible entry into the self-storage market.
Quick Glance
- Listing ID:
CL-Missouri-25921
- Status:
Active
- Year Build:
1990
- Building Size:
4,725 SqFt
- Lot Size:
N/A