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Casino Self Storage
3300 W Broad St, Columbus, Ohio 43204
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Property Info
Price: $3,900,000
Units: 421
Year Built:
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Download Marketing Package
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Broker Contact Info
Brett Hatcher
614.360.9043
Brett.Hatcher@marcusmillichap.com
Opportunity
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Investment
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The Hatcher Group of Marcus & Millichap is pleased to exclusively offer for sale Casino Self Storage which consists of two locations just 1.50 miles apart in Columbus, Ohio. The two facilities combined feature 421 units totaling 46,535 net rentable square feet. This is a stabilized cash flowing facility that is currently 93% physically occupied. The property is fully fenced with an on-site management office, and 24-hour video surveillance.
The location of these facilities both benefit from an extremely dense and growing surrounding population. The population within five miles is 283,890 which represents a 22% increase from 2000 and is expected to continue to grow over the next five years. Both properties are in a busy area and are surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, car dealerships, shopping centers, banks, businesses, and much more. Kroger, Dollar General, and the Hollywood Casino Columbus are all within a mile of both facilities. This offers the facilities great street frontage and high daily traffic counts ranging from 6,000-17,000 cars per day.
Casino Self Storage is being offered for $3,900,000 or $83.81 per rentable square foot.
Population
In 2021, the population in your selected geography is 283,890. The population has changed by 22.4 percent since 2000. It is estimated that the population in your area will be 293,516 five years from now, which represents a change of 3.4 percent from the current year. The current population is 49.5 percent male and 50.5 percent female. The median age of the population in your area is 32.6, compared with the U.S. average, which is 38.4. The population density in your area is 3,609 people per square mile.
Households
There are currently 118,284 households in your selected geography. The number of households has changed by 23.0 percent since 2000. It is estimated that the number of households in your area will be 123,644 five years from now, which represents a change of 4.5 percent from the current year. The average household size in your area is 2.3 people.
Income
In 2021, the median household income for your selected geography is $59,804, compared with the U.S. average, which is currently $65,694.The median household income for your area has changed by 49.5 percent since 2000. It is estimated that the median household income in your area will be $64,968 five years from now, which represents a change of 8.6 percent from the current year.
The current year per capita income in your area is $34,788, compared with the U.S. average, which is $36,445. The current year’s average household income in your area is $82,508, compared with the U.S. average, which is $94,822.
Employment
In 2021, 143,227 people in your selected area were employed. The 2000 Census revealed that 65.1 percent of employees are in white-collar occupations in this geography, and 34.9 percent are in blue-collar occupations. In 2021, unemployment in this area was 7.0 percent. In 2000, the average time traveled to work was 20.2 minutes.
Housing
The median housing value in your area was $172,857 in 2021, compared with the U.S. median of $227,827. In 2000, there were 51,399 owner-occupied housing units and 44,750 renter-occupied housing units in your area. The median rent at the time was $481.
Education
The selected area in 2021 had a higher level of educational attainment when compared with the U.S averages. 13.6 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 12.0 percent, and 23.3 percent completed a bachelor’s degree, compared with the national average of 19.5 percent.
The number of area residents with an associate degree was lower than the nation’s at 6.6 percent vs. 8.3 percent, respectively.
The area had fewer high-school graduates, 26.6 percent vs. 27.2 percent for the nation. The percentage of residents who completed some college is also lower than the average for the nation, at 18.3 percent in the selected area compared with the 20.5 percent in the U.S.
■ Two Self Storage Facilities 1.50 Miles Apart
■ 46,535 Combined NRSF
■ 212 Drive-Up NCC Units | 209 Interior NCC Units
■ Stabilized Facilities: 93% Combined Physical Occupancy
■ Below Market Rents
■ Conveniently Located Directly Off Hwy 40 & Minutes From I-270
■ High Daily Traffic Counts: Broad St: 17,000 Cars/Day | Exchange Dr: 6,000 Cars/Day
■ Extremely Dense & Growing Surrounding Population: 283,890 People Living Within Five Miles – Represents a 22% Increase Since 2000
