List Search

28 Herrold Ave
Athens, OH 45701

$1,240,000 USD

Self Storage For Sale  •  11,457 SF

Property Details

  • Property Type Self Storage
  • Total Building Size 13,093 SF
  • Lot Size 2.32 AC
  • Building Class C
  • Year Built 1998
30 Transit Score
40 Walk Score

Highlights

Significantly below market rents, with 20% – 40% upside remaining to increase rents to market
Very favorable supply levels – less than 8.5 square feet per capita in a 3-mile radius, and only 6.6 square feet per capita in a 5-mile radius
Solid surrounding population with over 32,000 people living in a 3-mile radius
Extremely profitable U-Haul truck rental business with $42k+ commissions per year
Opportunity to improve both physical and economic occupancy to increase revenue and push value
Athens is home to Ohio University – which currently has over 28,000 students
Jack Connelly 412-286-1984 Matthews Real Estate Investment Services
Jack Connelly 412-286-1984 Matthews Real Estate Investment Services