Exclusively Listed By:
EquiCap Commercial

DEAL SUMMARY

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List Price:   $7,150,000

NRSF:         59,410

Units:          85

Acres:         6.72

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INVESTMENT HIGHLIGHTS

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PRIME LOCATION // Located in a densely populated 

market with vehicle daily count at 22,000 on 1-49 and over 17,500 on North Street.

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EXCELLENT DEMOS // The five-mile trade area boasts 

65,746 population and ten-mile area includes population of 260,433

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TOP OF CLASS FINISHES // Premium class “A” 

construction and amenities commanding the highest rates in the trade area.

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PHASE TWO APPROVED // 39,640 Square Feet Over 55 Units that are City Approved for Expansion. Phase Two already stubbed for electrical, driveline drainage installed, and the elevations for drive lines are set.

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LIMITED COMP SET // Chief Storage is the only large bay contractor-sized storage facility within 9 miles.

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BOAT AND RV PARKING // Chief Storage is located off

Highway 49, a major route from the KC area to Lake of the Ozarks, making it attractive to boat and RV customers.

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INVESTMENT SUMMARY

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Chief Storage is a newly constructed, institutional-grade contractor unit storage facility located at 1901 East 173rd Street in Belton, Missouri, approximately 21 miles south of downtown Kansas City within the Kansas City MSA. Officially opened on July 1, 2025, the facility comprises 85 non-climate-controlled units totaling 59,410 net rentable square feet, situated on approximately 6.72 acres with physical room for future expansion. Unit sizes

range from 420 to 1,960 square feet, with an average unit size of 911 square feet. Positioned at the high-visibility

corner of I-49 and East 173rd Street, the property benefits from a prominent monument sign and exposure to over 22,000 vehicles per day.

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Constructed to institutional specifications, Chief Storage features architectural stone finishes, professional landscaping, and a full suite of high-end amenities. These amenities include a digital monument sign, PDK keypad-controlled gate access, AI powered actively monitored professional security cameras, LED site lighting and LED lighting in the units along with 20amp and 30 amp power, perimeter metal fencing, wall-standing seam metal roofing, metal siding, asphalt-paved drive aisles, on-site dumpster, WiFi for tenants, and an on-site industrial air compressor for tenant use.

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The facility is strategically located within an underserved market for large contractor-style storage units. The surrounding population includes 65,746 residents within a five-mile radius and 260,433 within ten miles. Competitive properties offering comparable unit sizes are located 18 to 30 miles away, creating strong demand. Within its first month of operation, Chief Storage achieved nearly 10% occupancy, signaling strong lease-up momentum. Within 4 months of opening its doors, Chief Storage is at 31% physical occupancy. A new owner can capitalize on this by implementing steady street rate increases, improving tenant insurance penetration, and pushing in-place rents. Additional upside is available through the completion of the approved Phase II expansion, which will add four buildings totaling 39,640 net rentable square feet.