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West Ridge Mini Storage – Elyria, OH

Cleveland-Elyria, OH
Self Storage
West Ridge Mini Storage – Elyria, OH

Deal Highlights

  • Owner Operated Site Offering A Variety Of Management Value Add Opportunities; Currently Doing No TI Program
  • Strong Recent Performance: Since August 2023, Physical occ. Has Grown 4%, Economic Occ. Has Grown 8.7%, and Effective Rate Has Grown 8.5%
  • Low Existing Supply At 7.24sf/Cap Within 5 Miles
  • Expansion Opportunity Of 4,000 NRSF, Additional Expansion Room Where Proposed Parking Will Go
  • ~9,200sf Of Unused Space Which Can Be Used For Parking Immediately
  • Achieving Top Of Market Rates With Only $1,389 In Annual Ad Spend
  • Ability To Be Ran Remotely For Enhanced NOI
  • 43% Renter Occupied Homes In The 3 Mile Radius

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