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Stor All Self Storage
1109 Alfred St, Cincinnati, Ohio 45214
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Property Info
Price: $5,650,000
Units: 449
Year Built: 2001
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Download Marketing Package
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Broker Contact Info
Brett Hatcher
614.360.9043
Brett.Hatcher@marcusmillichap.com
Opportunity
The Market
Investment
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The Hatcher Group of Marcus Millichap is pleased to exclusively offer for sale Stor All Self Storage located in Cincinnati, Ohio. The facility consists of 449 units, totaling 46,235 net rentable square feet. This is a stabilized cash flowing facility that is currently 87% physically occupied. The property is fully secured with 24-hour video surveillance and an on-site management office.
The location of this facility benefits from an extremely dense surrounding population and is in the heart of downtown Cincinnati. The population within five miles of the facility is 329,703 and 129,580 within three miles. They are located in a busy area and are surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, and schools. This offers the facility great street frontage and high daily traffic counts of around 7,500 cars per day. Stor All is conveniently located and serves customers throughout Lexington and Louisville, Kentucky, and Cincinnati and Columbus, Ohio.
Stor All Self Storage is being offered for $5,650,000 or $122.20 per rentable square foot.
Population
In 2021, the population in your selected geography is 329,703. The population has changed by -7.5 percent since 2000. It is estimated that the population in your area will be 327,655 five years from now, which represents a change of -0.6 percent from the current year. The current population is 49.4 percent male and 50.6 percent female. The median age of the population in your area is 32.9, compared with the U.S. average, which is 38.4. The population density in your area is 4,193 people per square mile.
Households
There are currently 140,212 households in your selected geography. The number of households has changed by -8.1 percent since 2000. It is estimated that the number of households in your area will be 140,027 five years from now, which represents a change of -0.1 percent from the current year. The average household size in your area is 2.2 people.
Income
In 2021, the median household income for your selected geography is $41,317, compared with the U.S. average, which is currently $65,694.The median household income for your area has changed by 41.0 percent since 2000. It is estimated that the median household income in your area will be $43,906 five years from now, which represents a change of 6.3 percent from the current year.
The current year per capita income in your area is $28,794, compared with the U.S. average, which is $36,445. The current year’s average household income in your area is $66,026, compared with the U.S. average, which is $94,822.
Employment
In 2021, 143,621 people in your selected area were employed. The 2000 Census revealed that 61.3 percent of employees are in white-collar occupations in this geography, and 38.7 percent are in blue-collar occupations. In 2021, unemployment in this area was 9.0 percent. In 2000, the average time traveled to work was 20.5 minutes.
Housing
The median housing value in your area was $135,323 in 2021, compared with the U.S. median of $227,827. In 2000, there were 64,079 owner-occupied housing units and 88,486 renter-occupied housing units in your area. The median rent at the time was $390.
Education
The selected area in 2021 had a lower level of educational attainment when compared with the U.S averages. 12.3 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 12.0 percent, and 18.3 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 7.3 percent vs. 8.3 percent, respectively.
The area had more high-school graduates, 28.9 percent vs. 27.2 percent for the nation, but the percentage of residents who completed some college is lower than the average for the nation, at 19.5 percent in the selected area compared with the 20.5 percent in the U.S.
■ Downtown Cincinnati Self Storage Offering
■ 46,235 Net Rentable Square Feet
■ 327 CC Units | 48 Humidity Controlled Units | 53 Drive-Up Units | 11 Office Suites | 10 Band Rooms | 3 Billboards
■ 87% Physically Occupied
■ Convenient Location & Excellent Street Frontage
■ High Daily Traffic Counts: 7,500 Cars/Day
■ Extremely Dense Surrounding Population: 329,703 People Within Five Miles; 129,580 People Within Three Miles
