Acquire Frank Storage, a meticulously maintained, high-occupancy self-storage facility strategically positioned at 1011 W. 27th Street, Scottsbluff, NE. This institutional-grade asset presents a compelling blend of stabilized cash flow and significant expansion potential.
The property features 125 rentable units, with a critical competitive advantage: 47 (38%) are climate-controlled, catering to premium customer demand. The facility maintains strong operational health with an average vacancy rate of just 10%. Management is streamlined via seamless online booking capabilities.
Key Investment Metrics
The property is offered at $1,595,000, which represents a compelling $12,760 price per door valuation. Operating expenses are lean, with 2024 property taxes documented at $5,343.70 and electric costs at $3,148.61.
Value-Add Potential
This investment includes a key value-add component: 17,000 square feet of undeveloped land located at the rear of the lot, bordering a recently developed street. This acreage is zoned and primed for immediate expansion, allowing a buyer to swiftly increase unit count, drive substantial revenue growth, and enhance the asset's overall value.
Strong Market Fundamentals
Scottsbluff is the established retail and economic hub for the entire Western Nebraska Panhandle. Scotts Bluff County demonstrates the economic stability essential for resilient self-storage demand, supported by:
A growing County GDP of over $2.25 billion (2023).
A highly stable local employment base with a projected County unemployment rate of 3.2% for 2025.
Frank Storage is offered as part of a larger commercial development portfolio in Scotts Bluff County, in particular eight commercial lots directly across the newly developed street.
Court Merrigan
LandVest
