My Storage – Billings, MT

$6,000,000 | 93,228 NRSF | 433 Units | Billings, MT

INVESTMENT OVERVIEW

My Storage in Billings, MT is a turn-key self-storage investment opportunity located at 2164 Goodman Rd, Billings, MT 59101. The asset is comprised of 433 units (18 parking) containing 93,228 Net Rentable Square Feet (NRSF) and is currently 26% physically occupied. Built in 2024, the facility boasts high quality standing seam metal roofs, paved concrete drives, LED lights, electronic gate access and cameras throughout. The property is being offered at an attractive basis of $64/NRSF.

My Storage Billings is not currently professionally managed and achieves average rents of $6.53 per square foot. The asset is situated in a growing area (+1.17%) paired with a strong average household income ($103,604). Market research indicates substantial rent growth potential driven by the strong demand and expanding market in Yellowstone County. With professional management and targeted value-add strategies, My Storage is well-positioned to capitalize on the ongoing economic and demographic trends in the region. This deal represents an exceptional opportunity to invest in a thriving, high-growth area with significant upside through operational improvements and strategic rent adjustments.

INVESTMENT HIGHLIGHTS

  • Turn-Key Asset with no CapX Required: January 2024 Construction.
  • Value Add Capability: Current Physical Occupancy of 26% with achieved rents below market.
  • Growing MT Market: Yellowstone County growing at +1.17% (3-Mile) Annually, Displaying Long-Term Rental Rate Growth Potential.
  • 3-Mile Trophy Asset: The primary self-storage option for consumers within trade area.

FACILITY SUMMARY

Property Name: My Storage – Billings, MT
Address: 2164 Goodman Rd, Billings, MT 59101
County: Yellowstone County
Land Size: 4.722 Acres
Total NRSF: 93,228 NRSF
Total Units: 433 UNITS
Physical Occupancy: 26%
Economic Occupancy: 20%
Building Count: 11 Buildings

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