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Norwalk Road 8764 - Self-Storage Investment

Rowland's Self Storage For Sale
Rowland's Self Storage For Sale
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Address: 8764 Norwalk Road Litchfield
Locality: Litchfield Township
County: Medina County
State: OH
Within City Limits: No
Available (Sq. Feet): 44,264
Site Size (Acres): 7.5
Ceiling Peak (Feet): 10.0
Year Built: 2003
Primary Building Type: Investment
Secondary Building Type:
Construction Type: Storage Buildings - Pole & home - Frame
Former Use: Self-Storage Units and Home
Zoning: C-2 Commercial
Expandable: No
Can Subdivide: No
Specialty Feature: GREAT INVESTMENT!!! 10 SELF-STORAGE BUILDINGS WITH 156 UNITS, TWO HOMES, TWO BARNS ON 7.52 ACRES
Rail Availability:
Distance from limited access highway:
Sale Price: $799,000
Lease Rate Per (Sq. Ft. / per Year):
Lease Terms:
Description:
Property Description:
This property includes 156 self-storage units in ten buildings ranging in size from 2,400 SF to 4,400 SF on 4.5128 acres. Individual storage units range from 180 SF to 1,600 SF.  Larger units have interior lighting. Buildings are pole construction with concrete floors, drywall ceilings, metal side walls, and Trac-Rite doors. Storage units are at 75% occupancy and have a 200 SF heated office. 
Property also includes a 2,954 SF newly remodeled century perfect for and owner occupant. The home has five bedrooms, 3½ bathrooms, two with whirlpool tubs, a living room, dining room, laundry room, sunroom, central air and free gas FHA heat. Home leases for $1,200/MO or could be vacated with 30 days notice.
There is a fully leased 2,112 SF duplex with each unit having three bedrooms and two baths.
There are two barns - one of 3,800 SF and the second of 1,152 SF.
Restrictions: Septic easement on adjacent land. First right of refusal for adjacent two acres & storage buildings to the west
 
Location Description:
This property is located at 8764 Norwalk Road on the southwest corner of the intersection of Norwalk Road (SR-18) and Vandemark Road, just east of the Litchfield Circle. Property is located in Litchfield Township, Medina County, Northeast OH
 
 
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