NEW LISTING | East Canton Storage

East Canton Storage

East Canton, Ohio

Canton, Ohio MSA Self Storage Offering with Upside
Recently Expanded, Quality Construction
Facility was Built in Three Phases: Phase I (2019): Two Buildings / Phase II (2021): Two Buildings / Phase III (2023): Five Buildings
Price: $4,300,000
Current Physical Occupancy: 71.68%
Current Economic Occupancy: 59.77%
Current Cap Rate: 1.92%
Year 1 Cap Rate: 2.69%
Year 2 Cap Rate: 5.49%
Year 3 Cap Rate: 6.49%
Year 4 Cap Rate: 6.92%
Year 5 Cap Rate: 7.38%
54,550 Net Rentable Square Feet
337 Non-Climate Controlled Self Storage Units
Currently Well Below Market Rental Rates
Excellent Street Frontage & Visibility Along North Wood Street (OH-44)
Under Supplied Self Storage Market: Currently Only 5.52 NRSF/Capita Within Five Miles