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22910-2028 Walnut St, 206 Vine St, 1510 7th St, New Boston & Portsmouth, OH

Stack And Go Self Storage Portfolio
$2,600,000

Key Information

Cap Rate
6.82%
$ per SF
$108
Tot. SF
23,935
Units
276
Type
Self Storage
Occupancy
92.4%
NOI
$177,215

Highlights

  • 3 Property Portfolio: Three self-storage facilities included in the offering, all within a ±2-mile radius for operational efficiency.
  • Unit Count & Size: 276 total units with ±23,935 rentable square feet, including 28 climate controlled, 242 non-climate controlled, and 6 parking units.
  • Operational Efficiencies: All facilities are within close proximity, enabling centralized management and cost savings.
  • Market Supply: 3-mile radius supply is ±4.87 SF per capita; 5-mile radius supply is ±6.74 SF per capita.
  • Strong NOI: Current Net Operating Income is $177,215, supporting a 6.82% cap rate.
  • High Occupancy: Physical occupancy is 92.4% (255 out of 276 units occupied).
  • Renter Demographics: 53% of households in the area are renters, supporting storage demand.
  • Major Economic Driver: SB Energy is building the world’s largest AI data center in the county, projected to create 30,000 jobs.

Photos

Location

Agents

Broker of Record

Matt Wallace

License # REC.2022007141, BRKP.2024002419 (OH)
Matthews Real Estate Investment Services, Inc
950 Main Ave., Suite 510, Cleveland, OH 44113