AA North 81 Storage
Enid, OK
Executive Summary
- Price $825,000
- Address 3921 N. Van Buren Bypass, Enid, OK 73701
- Cap Rate 6.53%
- Rentable Square Feet 37,260 Sq. Ft.
- Acreage 2.63
- Number of Units 82
- Number of Buildings 3
- Price Per Sq. Ft. $72.75
- Year Built 2011
- Traffic Count 6,600
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".
A&A North 81 Storage, located at 3921 N. Van Buren Bypass in Enid, Oklahoma, offers a robust investment opportunity within the Enid Metropolitan Statistical Area, which boasts a population of 62,023 residents. This storage facility is priced at $825,000 and features an existing cap rate of 6.53%, making it a compelling prospect for investors.
Constructed in 2011, A&A North 81 Storage encompasses 11,340 square feet of enclosed storage space, priced at $72.75 per square foot. The facility includes 82 units and is situated on 2.63 acres, with a total gross square footage of 114,563. The property is located in Garfield County in the 9th largest city in Oklahoma.
Strategically positioned near U.S. Highway 60, the facility benefits from a traffic count of above 6,000 vehicles per day. Its proximity to major thoroughfares ensures easy accessibility and visibility. The site is also fully fenced and lit, with additional security features including lights in every unit, and nightly security services; enhancing the safety and convenience for tenants.
The facility currently operates at full occupancy with a waiting list, highlighting its strong demand and stable income. Additionally, A&A North 81 Storage offers several attractive features, such as a paved RV parking lot which contributes to its diverse revenue streams. There is also room for expansion, providing potential for further income growth and value appreciation.
A key advantage of this property is its low rental rates, offering significant upside potential through rental rate adjustments. Furthermore, the surrounding area within a five-mile radius has a population exceeding 50,000 residents, underscoring the substantial demand for storage services in the vicinity.
In summary, A&A North 81 Storage combines modern construction, strong occupancy, and potential for growth, making it a promising investment opportunity in the Enid area. The facility’s strategic location, comprehensive features, and diverse income streams position it well for long-term success in the storage market.
