Allen County Storage Portfolio Listing Details & Market Data

Located in Allen County, KSAllen County Storage Portfolio consists of three locations in Iola & Gas, KS. All three locations are within 10 minutes driving distance. This three-property portfolio contains 195 total units: 124 Drive-Up & 71 Climate-Controlled Units. The Seller recently completed an expansion at 712 W Patterson that added an additional 17 climate-controlled units. 712 W Patterson features updated lighting, HVAC, security cameras, keypad entry integrated with software, and Noke storage locks. This property sites on 1.88 acres and features land available for future expansion. 520 S State Street consists of 74 traditional drive-up storage units and is located off Iola’s main thoroughfare near the Iola Fairgrounds. 520 S State St features high occupancy history in the mid to high 90’s and offers value-add opportunity through increasing the economic occupancy and continuing to push rents. 701 W 1st St Gas, KS is located just 3.5 miles to the east of the State Street location. This property features all new paint, gravel, and added security cameras. The property also benefits from a new 99-year billboard ground lease with the owner receiving 10% of the yearly rent. Billboard revenue is estimated to generate the owner an additional $300 in yearly rent.