Rock Vault Storage
527 Completed Units with Additional 531 Approved Units
Rock Vault Storage
Highlights
- Asking Price: $8,600,000
- Projected Market Value: $8,923,000
- Market Value / Unit: $16,931
- Cap Rate: 6.74%
- Potential NOI: $579,964
- Avg. Rent/ SF: $1.18
- Projected NOI per Unit: $1,100
- Current Units: 527
- Occupancy: 0%
- Expected CO Date: July 1, 2024
The Offering
Property Name: Rock Vault Storage
Unveiling: A new 527-unit: Storage facility in Fort Smith, AR with additional land to develop & build.
About the Units: Climate Controlled Units (288 total) and Exterior Units (239 total) in Phase 1, with various sizes ranging from 5'x5' to 10'x30'..
Comprehensive Design and Planning: The design and planning of the Rock Vault Storage facility, spearheaded by Nathan Alderson, AIA, in collaboration with C6 Engineering and Brixey Engineering, comply with current standards.
Value Enhancement with Phase 2 Development: Strategically planned with future growth in mind, the approved expansion into 5.57 acres for an additional 531 units is ready to proceed.
Location Advantage: Located in Ben Geren Industrial Park, Fort Smith, AR, the facility boasts a strategic placement that serves the storage requirements of both households and businesses. With Fort Smith being an expanding city, the need for storage solutions is expected to rise alongside the growing population and business sector.
Security & Compliance: Equipped with advanced sprinkler systems, state-of-the-art security, and construction that adheres to the latest safety codes for unmatched protection and peace of mind.
Team
TRUSTED REAL ESTATE INVESTMENTS THAT MAXIMISE PROFITS
Multifamily properties are a superb choice for commercial real estate investors seeking to expand their portfolios and earn a strong return on investment (ROI) over the long-term. But navigating the choices and finding the right buyers, sellers, and properties is complex.
At McGraw Multifamily, our team has over 50 years of combined experience and over one billion successful purchases and sales. We’ll partner with you to ease the complexities of multifamily real estate investments so you can enjoy smooth, profitable transactions. Multifamily real estate investments can require a lot of moving parts. Our team assists you with top-level services that ensure you achieve your desired results: