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Broker Contact Info
Nathan Coe
614.360.9801
Nathan.Coe@marcusmillichap.com
Opportunity
The Market
Investment
Map
Marcus & Millichap is pleased to offer for sale Blue Water Storage located in Canton, Ohio. This property features 130 non-climate units, an office, and a contractor space totaling 20,312 net rentable square feet. This facility benefits from a dense and undersaturated surrounding population. Blue Water Storage sits on 2.00 acres of land and is located about three miles north-east of central Canton.
See marketing package for demographics.
• Northeast Ohio Existing Self Storage Facility With Large Upside
• Located in Canton With 141,621 People Living Within Five Miles, and 68,143 Within Three
• 20,312 Net Rentable Square Feet | 130 Non-Climate Units | One Rented Office | One Contractor Space
• Since Purchasing the Property in July 2021, Sellers Have Installed a New Gate, New Cameras, Improved Signage, Installed Lighting, and Added Boxwell Units Doubling the Square Footage
• When They Acquired the Property, Monthly Income Was Around$3,500/Month, and They Took It Up to Its Current $13,000/Month
• Leasing Up Nicely After Adding Boxwell Units | 64% Current Occupancy
• Undersupplied Self Storage Market Should Allow Site to Stabilize Quickly | Only 1.97 Net Rentable Square Feet Per Capita Within a Three Mile Radius
