711 N FAIRVIEW RD
Quick Summary
- Location
- COLUMBIA, MO 65203
- Sale Price
- $4,325,000
- Acres
- 3.09
- Property Type
- Retail
- Status
- For Sale
- Listing Firm
- Iron Gate Real Estate
- Listing Agent
- Laura Dooley
Property Description
With a pro forma cap rate of 6.1%, this new, non-climate-controlled 321-unit, 21,760 rentable sq ft storage center, built in 2025 by an experienced storage facility developer, is currently in the lease-up phase. It sits across from the mall, with excellent traffic counts and over 100,000 residents within a 5-mile radius. Plans are in place to expand it to 37,120 NRSF, adding 192 more doors. An additional estimated $496,679 investment for the expansion would bring a 10.3% cap rate. The units are comprised of storage lockers which can be classified as real or personal property depending on the owner's situation and are adjustable in size to meet market demand. (An offering memorandum is available upon request.) Columbia, MO is home to over 130k residents and the flagship campus of the