Northern Ohio, CO Self-Storage Opportunity – Amherst, OH
205 S. Leavitt Rd, Amherst, OH 44001

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Price
Market Bid
NRSF
78,450
C/O
Amherst, OH
State-of-the-Art Facility: A 78,450 NRSF mix of 612 drive-up climate & non-climate-controlled units delivered by Fall 2024
Strong Financials: Projected NOI of $588,000 at stabilization with 20-22% Leveraged IRR
Affluent Area: Median HH income over $78,000 in the 3-mile market
Prime Visibility: Conveniently located along State Route 58 with direct access to Interstate 90, and has high traffic volumes with over 13,500 cars passing daily

Cushman & Wakefield’s Self Storage Advisory Group has been exclusively retained to offer for sale this Amherst, OH C/O Self-Storage Opportunity.

Seize the opportunity to invest in a state-of-the-art, fully remote drive-up facility in northern Ohio, set for completion in Fall 2024. Developed by KO Construction, this impressive 78,450 NRSF facility spans 6.6 acres and offers 36,350 NRSF of climate-controlled space across 331 units, along with 42,100 NRSF of non-climate-controlled space across 281 units. Equipped with the latest technology and advanced security features, this facility ensures secure and seamless storage solutions.

The property is strategically located on State Route 58, a major north-south highway, offering excellent visibility and high traffic volumes with over 13,500 cars passing daily. This prime location provides direct access to Interstate 90, the longest interstate in the United States. Amherst, Ohio offers strong demographics with more than 37,000 people and median household incomes above $78,000 within the 3-mile trade area. This 78,450 rentable square foot facility is ideal for remote management or to be operated within a hub and spoke model.

Amherst, Ohio, known as the ‘Sandstone Capital of the World,’ is in Lorain County, 34 miles west of Cleveland and part of the Greater Cleveland MSA. Its strategic proximity to cities like Lorain, Elyria, Oberlin, and Cleveland makes it a convenient home for commuters. The town’s quiet, safe suburban atmosphere is highly attractive to families, contributing to its steady population growth.

The city also offers a vibrant and diverse economy that makes it an ideal location for businesses and families alike. With thriving sectors such as health care, retail, and manufacturing, the town supports a robust job market. High-paying industries like wholesale trade and transportation ensure competitive wages, while the median household income of over $78,000 reflects the community’s prosperity. Amherst’s strategic location, excellent public schools, and a blend of urban and rural living create a dynamic environment perfect for growth and investment.

Amherst, OH

  • Sign CA to View Offering Memorandum

  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the Amherst, OH Self-Storage opportunity.

    To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

    By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

    By accepting the Offering Memorandum, you acknowledge that you are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

    The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived.

    The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

    No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.



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