The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of a 8-Property Self-Storage operation located in Sedalia, Missouri.
Located between Kansas City and Columbia, Missouri, Sedalia boasts positive population growth projections as well as household income growth. Sedalia’s geographic location puts it at the intersection of US routes 50 and 65 which gives residents and businesses easy access to Interstate 70, state capital Jefferson City and the Lake of the Ozarks recreational area.
Sedalia is the principal city within the Sedalia Micropolitan Statistical Area and is home to the Missouri State Fair and the Katy Trail which is the country’s longest recreational rail trail, running 240 miles, mostly along the northern bank of the Missouri River, as well as along the right-of-way of the former Missouri–Kansas–Texas Railroad.
The acquisition of these 8 properties will provide an investor the ability to instantly gain scale in the community, the ability to continue to grow the operation as well as the opportunity to easily manage the overall business from one central point.
Equipped with 675 total units covering 165,536 rentable square feet spread over 15.8 combined acres, a new owner will realize current occupancy at 87.9% over a mix of standard sized units as well as large units. Altogether, this sale presents a unique opportunity to acquire an established self storage business with positive year over year NOI with the ability to grow.