McFadin Storage

McFadin Storage is a large, drive-up self-storage facility consisting of 82,845 NRSF among 467 units, with an additional 8,856 NRSF among 6 commercial/retail tenants and 2 apartment units. This cash-flowing property boasts 97% physical occupancy, displaying strong demand in a market lacking competition. With 25% of existing tenants sitting well-below market rates, this facility can significantly increase existing revenue while maintaining low operations expenses from day one. Value-add potential is prevalent, as there is currently no management software, merchandise sales, tenant insurance, or rate increase schedules. This facility has been extremely well maintained, displaying no immediate need for capital expenditures. Additionally, there are footings poured for a 2500 square foot expansion, as well as a large warehouse that can be easily converted to 10+ new units. There is also 600 square-foot on-site office space. With excellent road visibility from MO-Hwy 38 and Schoolview RD, McFadin Storage has all of the traits to decisively control the Marshfield market and continue to be a strong, cash-flowing investment.