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15256 Karampas Ln

Williamsburg, OH 45176
  • $3,495,000
  • STATUS: Active
  • ON SITE: 62 Days
  • MLS #: 1785908
UPDATED: 17 min ago
$3,495,000
  • 0
    BEDS
  • 5.8
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 440
    SQFT
  • $7,943
    $/SQFT
Type:
Commercial
Built:
2002
County:

School Ratings & Info

School District:
MLS of Greater Cincinnati logo

Description

Incredible Investment opportunity in recession resilient, self-storage industry. This stabilized asset has experienced growth consistently since the first buildings were constructed in 2002. Currently at 89.2% physical occupancy even after adding the newest building in 2022. This facility features nearly 61,000 sq. ft. under roof (see unit mix below), 5.8 acres of total acreage which includes 1+ acre of buildable ground for future expansion (at least one more 30x360). The facility contains 390 self-storage units ranging from 5x10 to 10x30. The construction allows for interior walls to be modified so operators can adjust unit sizes to market demands. The current operator rents 8 outdoor slips but has the ability to more than double this amount. Add tens of thousands of dollars to the bottom line by bringing all units up to market rent without adding expenses. Extrapolating current 2023 sales data indicated gross sales of ~$322,778.

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MLS of Greater Cincinnati logo The data relating to real estate for sale on this website comes in part from the Broker Reciprocity™ program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than Apex Group | Keller Williams are marked with the Broker Reciprocity™ logo (the small black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Apex Group | Keller Williams. Data last updated 2023-12-06T18:13:52.363.
www.searchnorthernkentucky.com/homes/144087938
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15256 Karampas Ln Williamsburg, OH 45176

  • Price: $3,495,000
  • Status: Active
  • On Site: 62 Days
  • Updated: 17 min ago
  • MLS #: 1785908
0
Beds
1
Baths
0
½ Baths
5.8
Acres
440
SQFT
$7,943
$/SQFT
2002
Built
County:
Brown
School District:
Western Brown Local Schools
Property Description
Incredible Investment opportunity in recession resilient, self-storage industry. This stabilized asset has experienced growth consistently since the first buildings were constructed in 2002. Currently at 89.2% physical occupancy even after adding the newest building in 2022. This facility features nearly 61,000 sq. ft. under roof (see unit mix below), 5.8 acres of total acreage which includes 1+ acre of buildable ground for future expansion (at least one more 30x360). The facility contains 390 self-storage units ranging from 5x10 to 10x30. The construction allows for interior walls to be modified so operators can adjust unit sizes to market demands. The current operator rents 8 outdoor slips but has the ability to more than double this amount. Add tens of thousands of dollars to the bottom line by bringing all units up to market rent without adding expenses. Extrapolating current 2023 sales data indicated gross sales of ~$322,778.
Exterior Features

Construction Materials Aluminum Siding Foundation Details Slab Levels One Lot Size Dimensions 530x480 Parking Total 30 Property Condition Good Roof Metal Structure Type Mixed Use

Interior Features

Appliances Electric Water Heater Basement None Cooling DuctlessWall Unit(s) Heating DuctlessElectric

Property Features

Association Fee 0 Association Fee Frequency Monthly Business Type Storage Lease Considered YN No Property Sub Type Mixed Use Sewer Septic Tank Tax Annual Amount 11823 Utilities Natural Gas Not Available Water Source Public Zoning Types Commercial

MLS of Greater Cincinnati logo © 2023 MLS of Greater Cincinnati, Inc. All rights reserved. Listing courtesy of J.A. Trautmann Realty, Inc., W, 513-752-5000 and John B Trautmann, . Information deemed reliable but not guaranteed.
MLS of Greater Cincinnati logo The data relating to real estate for sale on this website comes in part from the Broker Reciprocity™ program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than Apex Group | Keller Williams are marked with the Broker Reciprocity™ logo (the small black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Apex Group | Keller Williams. Data last updated 2023-12-06T18:13:52.363.
 
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