Prime Storage

John 14:6 - Jesus said unto him "I am the Way, the Truth, and the Life. No one comes to the Father except through Me".

Prime Storage offers a rare investment opportunity in Steele, Missouri, as the only Self-Storage facility in town. Strategically located at 743 S Walnut St on a main thoroughfare, the property enjoys strong visibility and convenient access from US Highway 55, which sees a daily traffic count of 16,586 vehicles through the city of Steele. Situated on a 0.44-acre lot, the facility features 4,725 rentable square feet across 41 units within a single-story metal building.

With a pricing guidance of $170,000 and a price per square foot of just $35.98, this property presents a compelling value-add opportunity. Currently operating at 37% physical occupancy, there is significant upside potential for an investor to increase revenue through improved management and lease-up strategies. The property is equipped with open-unit management software, making operations more efficient.

Constructed in 1990 with durable metal and steel materials, Prime Storage offers long-term structural reliability. Additionally, the facility is located just an hour north of Memphis, Tennessee, positioning it within reach of a larger economic hub. With seller financing available, this asset provides an accessible entry point into the Self-Storage market while delivering a strong proforma cap rate of 16.24%