Serving Coffey, Lyon, Osage, & Greenwood Counties in Kansas
Self-storage revenues are consistent and stable. The first building was constructed in 1982 and includes 4,224 square feet. The second building was constructed in 1993 with 1,440 square feet. There are a total of 51 storage units. All doors in building one were replaced approximately three years ago.
The average rental length is approximately twelve years which has resulted in a very low turnover rate of 10%. The time invested in renting new units is minimal since the property seldom has vacancies.
· Seven units 8' x 7.5' with a rental rate of $40 to $55
· Thirty-four 10'x 12' with a rental rate of $45 to $60
· Ten units 8' x 15' with a rental rate of $50 to $65
The average rental length is approximately twelve years, resulting in a very low turnover rate of 10%. The time spent renting new units is minimal, as the property seldom has vacancies.