Constructed in 2021, Lock Down Self-Storage features 39,600 net rentable square feet (NRSF) of non-climate-controlled, drive-up storage. The property also includes a 4,400-square-foot storage barn leased on an annual basis and an on-site single-family residence generating additional rental income. Historically, the facility has maintained occupancy in the low-90% range, demonstrating consistent demand for the asset. Current occupancy of 81% provides an immediate value-add opportunity for a new owner to recapture historical occupancy levels, increase revenue, and drive additional cash flow.
An adjacent four-acre parcel zoned for self-storage development is also available for purchase, providing meaningful long-term expansion potential. The site has already completed significant entitlement and infrastructure work, including utility stub-ins for electricity, stormwater infrastructure, and a completed retention pond. These improvements position a future owner to expedite development and capitalize on additional demand as the market continues to grow.
Located approximately 20 miles north of Dayton, Troy is an established and growing community supported by a diverse economic base that includes advanced manufacturing, logistics, healthcare, and distribution. Strong employment fundamentals, continued residential development, and population stability contribute to sustained demand for self-storage in the market.
With a recently constructed facility, established operating history, identifiable occupancy upside, additional rental income, and an adjacent development opportunity, Lock Down Self-Storage offers investors an attractive combination of current cash flow, near-term value creation, and long-term growth potential.