-
Life Storage (Managed) and Independence, MO Boat & RV Storage
17306 E US Hwy 24 & 920 N Atherton Rd, Independence, Missouri 64056
-
Property Info
Price: $20,000,000
Units: 1,298
Year Built: 1970/2023
-
Download Marketing Package
-
Broker Contact Info
George Kondracke
614.360.9808
George.Kondracke@marcusmillichap.com
Opportunity
The Market
Investment
Map
Kansas City MSA, Two Property Self Storage Portfolio
POPULATION
In 2022, the population in your selected geography is 88,505. The population has changed by 6.0 percent since 2000. It is estimated that the population in your area will be 88,962 five years from now, which represents a change of 0.5 percent from the current year. The current population is 48.0 percent male and 52.0 percent female. The median age of the population in your area is 38.6, compared with the U.S. average, which is 38.6. The population density in your area is 1,125 people per square mile.
HOUSEHOLDS
There are currently 35,758 households in your selected geography. The number of households has changed by 5.9 percent since 2000. It is estimated that the number of households in your area will be 36,186 five years from now, which represents a change of 1.2 percent from the current year. The average household size in your area is 2.4 people.
INCOME
In 2022, the median household income for your selected geography is $52,260, compared with the U.S. average, which is currently $66,422. The median household income for your area has changed by 37.3 percent since 2000. It is estimated that the median household income in your area will be $58,056 five years from now, which represents a change of 11.1 percent from the current year.
The current year per capita income in your area is $25,609, compared with the U.S. average, which is $37,200. The current year’s average household income in your area is $63,024, compared with the U.S. average, which is $96,357.
EMPLOYMENT
In 2022, 39,247 people in your selected area were employed. The 2000 Census revealed that 56.6 percent of employees are in white-collar occupations in this geography, and 43.4 percent are in blue-collar occupations. In 2022, unemployment in this area was 4.0 percent. In 2000, the average time traveled to work was 23.4 minutes.
HOUSING
The median housing value in your area was $147,583 in 2022, compared with the U.S. median of $250,735. In 2000, there were 21,815 owner-occupied housing units and 11,955 renter-occupied housing units in your area. The median rent at the time was $402.
EDUCATION
The selected area in 2022 had a higher level of educational attainment when compared with the U.S averages. Only 6.1 percent of the selected area’s residents had earned a graduate degree compared with the national average of 12.3 percent, and 10.8 percent completed a bachelor’s degree, compared with the national average of 19.7 percent.
The number of area residents with an associate degree was lower than the nation’s at 7.7 percent vs. 8.4 percent, respectively.
The area had more high-school graduates, 38.6 percent vs. 27.1 percent for the nation. The percentage of residents who completed some college is also higher than the average for the nation, at 25.1 percent in the selected area compared with the 20.4 percent in the U.S.
• Kansas City MSA, Two Property Self Storage Portfolio
• Combined 132,904 Net Rentable Square Feet
• Mix of CC Units, NCC Units, and Boat/RV Parking Spaces
• Strong Initial Lease-Up (30 Net Leases/Month) Since Opening in May for Life Storage Location
• Certificate of Occupancy Expected in October 2023 for Boat/RV Site
• Under Saturated Self Storage Market
• Great Street Frontage & Easily Accessible Locations from US Hwy 24 & Route 291
• High Daily Traffic Counts: 23,000 Cars/Day
• Dense Surrounding Population: 88,505 People Living Within Five Miles