Lock-It-UP Storage Massillon
$1,800,000
2851 Business Pl SE, Massillon, OH 44646
4.65
Cap Rate
83,707.836
NOI
Details:
Highlights:
- Self storage facility cash flowing $84K in 2025 comprised of 148 non-climate and climate units total 27,575 NRSF
- Property has room to further develop 4 additional buildings or ~56,000 additional NRSF
- Facility is Manage With A Part Time Site Manager to Support U-Haul Rental Truck Requirements
- Site is Supported w/enclosed Fence and Gate Code for Convenient 24/7 Access
- Strong Physical Occupancy above 90% with opportunity to achieve higher rent rates
- Located in an affluent, growing, and major commercial arterial
- Convenient access near SR 30/62 and I-77
- Room for expansion: up to 4 additional buildings or an additional ~67%.
- Fully fenced facility with coded gate for secure, convenient access.
- Strong Average Household Income of $75,024 within five miles of the property
- Massillon is a suburb of Canton, located in Northeast Ohio, and has over 100,000 residents within a five-mile radius of the property
Description:
For Sale: A high-performing self-storage facility located in Massillon, OH. Built in 2021, this well-maintained property features 148 units across two buildings with a diverse unit mix (see unit matrix) including some climate controlled units. The property includes additional acreage for expansion - up to 4 additional buildings providing a unique expansion/development opportunity. The facility is over 90% occupied and has held steady since the second year in business.
Lock It Up Massillon is strategically located in Massillon’s southeast industrial corridor, positioned within a dedicated business park environment that caters to commercial and logistics operations. The immediate area reflects the property’s industrial zoning designation, with neighboring businesses including various storage, warehousing, and light manufacturing operations. This concentrated commercial activity creates a supportive ecosystem for businesses requiring secure storage solutions and logistics services.
Up to 240V Electric, city sewer and water, high speed internet/cable.
Documents:
| Title | ||
|---|---|---|
| CBC_-_Offering_Memorandum__L_.pdf | ||
| CBC_-_Offering_Memorandum__L_.pdf |
Location
Gallery