$1,100,000

11219 NW 10th St

Yukon OK, 73099

Description

10th Street Storage is a great opportunity to purchase a 320 space RV/ Boat storage facility 3/4 of a mile north of I-40 on Mustang road. Complex is made up of 64 indoor boat storage slots and approximately 256 10'x35' outdoor storage spaces. The subject property has a large amount of upside in increased rents and adding additional indoor storage that is currently in high demand. Owner has a site plan adding an additional 150 12x45 covered units to the site. Current Cap rate is based off of 100% Occupancy. Current Occupancy is approximately 65% and is increasing on a daily basis as new tenants are added. Stated gross income of the subject property fully leased is $130,680. With appropriate market rents without any improvements puts potential gross income at $186,240. This is a great opportunity to have immediate income while building additional indoor units and increasing rents. Listing agent is owner. Tenant portal is managed by StorEdge Software.

Details

MLS#940551
Listing TypeFor Sale
Sub-TypeResale
StatusACT
Year1982
Days On Site15

Features

SQ Feet20,904
Story(s)1
ZoningIndustrial

Market Activity 73099

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Area Information
StateOK
CountyCanadian
CityYukon
Zip Code73099
School DistrictCanadian
Listing VS Median (in 73099)
Price:
$1,100,000
low | high
Med:
$228,553
100% of Average
SqFt:
20,904
low | high
Med:
1,722
100% of Average
$ / SqFt:
$53
low | high
Med:
$133
100% of Average
On Site:
15
low | high
Med:
18
83.333333333333% of Average
Listing Updated: January 21, 2021 8:08:28 PM PST
Landon Greve LogoMLS Number: 940551
Listing Provided By:
Landon Greve  of  Greve Associates Real Estate
MLS Internet Data Exchange (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, and that the data is deemed reliable but is not guaranteed accurate by the Oklahoma City Metro Association of REALTORS.
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