Existing Financing at 3.65% Interest

River City Self Storage

Louisville, KY

Access Documents

Executive Summary

Summary

  • Address 3383 Freys Hill Road, Louisville, KY 40241
  • Price $6,500,000
  • Acreage 1.21
  • Cap Rate 5.35%
  • Square Footage (Climate Control) 35,164
  • Units 331
  • Year Converted 2018
  • Price Per Square Foot $184.85
  • Occupancy 92%
  • MSA Population 1,365,557
  • Vehicle Count 38,113
  • Existing Loan $4,500,000 | 3.65% Interest | 25 Year Amortization

John 14:6 - Jesus said unto him "I am the Way, the Truth, and the Life. No one comes to the Father except through Me."


River City Self Storage, located at 3383 Freys Hill Rd, Louisville, KY 40241, presents an excellent investment opportunity in the vibrant Louisville/Jefferson County Metropolitan Statistical Area, which boasts a population of over 1.3 million residents. This property consists of 35,164 enclosed square feet of climate control storage divided into 329 units; as well as 2 vehicle parking spaces.

Originally constructed in 1992 and later converted in 2018, River City Self Storage features a modern design with metal and steel construction, offering a durable and secure storage environment.

The property comprises a single building spanning two stories, strategically situated near the intersection of Freys Hill Rd and Interstate 265, ensuring high visibility and accessibility within a bustling traffic area.

With a commendable physical occupancy rate of 92%, River City Self Storage benefits from its proximity to major retail establishments and residential neighborhoods, providing a steady demand for storage services. The property also enjoys a 4.8-star customer rating on Google, reflecting its excellent service and management quality.

Notable attributes of this investment opportunity include climate-controlled storage options, expansion potential, and the availability of creative financing solutions, enhancing the property's income-generating capabilities and future growth prospects. The signalized intersection nearby further enhances accessibility and exposure to potential customers.

This property represents a compelling investment choice with established occupancy, favorable customer ratings, and promising expansion opportunities in a strategic location. Interested investors can explore further details about River City Self Storage and its investment potential.

Key Facts

Converted in 2018

All Climate Control Units

High Traffic Area

Signalized Intersection
Proximity to National Retail Chains

Creative Financing

4.8 Customer Rating on Goggle

Adjacent to Residential

Location Map

Team

Milburn Stevens

Investment Advisor
Calvary Realty
CA License #01265031
(760) 641-0511

Brandon Robinson

Director of National Investments
Calvary Realty
CA License# 01787727
(909) 380-0073

Ingla Robinson

VP of Operations
Calvary Realty
CA License# 02099837
(909) 380-0073

Eric Israel

President
The Virtual Realty Group
(888) 407-2410
OK License #: 201786