About S State Rd. Road
Value-add investment opportunity featuring two self-storage properties offered together as one portfolio! Priced at $299,000, the portfolio includes 29 total rentable units and spaces consisting of 21 traditional self-storage units in Dubois and 8 RV and boat storage bays in Celestine. The Dubois location offers a mix of 5x10, 10x10, and 10x20 units, while the Celestine property provides larger bays positioned toward the Patoka Lake area. Current average occupancy is approximately 41% at the Celestine bays and 45% at the Dubois self-storage location, with limited active advertising or marketing, creating significant value-add potential for a new owner. Based on current rental rates and seller-provided projections, the portfolio has the potential to generate approximately $30,558 in annual gross revenue at 100% occupancy. The Dubois property is conveniently located near a local apartment complex and fire station, while the Celestine property offers potential demand from boat and recreational vehicle owners traveling toward the Patoka Lake area. With two locations, an existing income stream, and considerable room for increased occupancy through improved signage, online presence, advertising, and active management, this portfolio presents an opportunity for an investor to acquire a unique storage portfolio with strong growth potential.
