5885 Haughn Rd - RHS Self Storage 22,800 SF Specialty Building Offered at $5,411,094 CAD at a 5.13% Cap Rate in Grove City, OH 43123

This Self Storage is located in Grove City. It sits on 5.33 acres with 2 storage buildings equaling 22,800 sq ft, with office building, and large RV parking storage. This storage is 95% full and stays that way thru out the year. There are presently has 160 flexible storage units along with 138 rentable parking spaces. This 298 space self-storage has net income over $200,000 annually. The owners rarely visit this site ,as they have a manager in place.
The plan is to develop this site into more storage units. The sellers have an approved plan to build 4 new storage buildings, a new office building, and to have 30 parking spaces. This will add 340 NEW self storage garages to the already 168 spaces. This will bring the rentable garages to 508 with 30 parking spots totaling 538 rentables.
The underground storm water catch basin is already installed saving over $100,000 of investment. The seller has architectural plans for these additions.