Hudson Drive Self Storage

Meridian Storage Group is pleased to present Hudson Drive Self Storage, located at 4381 Hudson Drive in Stow, Ohio. Situated on 5.79 acres, the gated facility comprises 11 single-story buildings totaling approximately 49,650 net rentable square feet, 39 parking spaces, two commercial spaces, an on-site apartment, and a mail center. The property maintains approximately 92% physical occupancy, supported by a loyal, long-standing tenant base, with several tenants exceeding 15–20 years of occupancy and waitlists for all larger unit types.

The property has been exceptionally well maintained, featuring a recent full exterior paint job, pavement improvements within the last two years with recent sealing, and replacement of nine of the 11 roofs. Beyond its established cash flow, the facility offers multiple avenues for additional income, including six owner-occupied units with estimated annual rental potential of approximately $15,000, two commercial spaces generating $17,400 in annual rent, and an on-site apartment of approximately 700 square feet. The existing mail center generates approximately $100,000 in gross revenue but is excluded from current underwriting, presenting an opportunity for an alternative commercial tenant or future conversion. Potential additional parking and other site improvements may provide further upside, subject to feasibility and approvals.

The three-mile trade area includes 50,846 residents with an average household income of $122,826. Self-storage supply totals approximately 6.7 square feet per capita, including just 1.6 square feet of climate-controlled space. The combination of durable in-place cash flow, strong tenant retention, recent capital improvements, diversified income streams, and multiple value-add opportunities positions Hudson Drive Self Storage as an attractive investment in an affluent Akron-area submarket.