DEAL SUMMARY

​

List Price:  $4,500,000

NRSF:        60,704 + Parking & Commercial Yard

Units:         177

Acres:        9.2

​​​

INVESTMENT HIGHLIGHTS

​

ESTABLISHED OPERATING ASSET // Route 66 Storage & Properties is a stabilized self-storage and flex space facility covering approximately 60,704 net rentable square feet across 177 units in Villa Ridge, Missouri in the St. Louis MSA.

 

DIVERSIFIED UNIT MIX // The facility offers a combination of non-climate drive-up, non-climate interior-access, flex space warehouse, and outdoor parking units.

 

STRONG OPERATING OCCUPANCY // As of August 31, 2026, physical occupancy was 88 percent with 90 percent economic occupancy.

 

RECENT CAPITAL IMPROVEMENTS // Recent capital expenditures include improvements to the drive aisles, roof sealing, and construction of a new pergola, representing approximately $100,000 in capital investment.

 

ESTABLISHED STORAGE CORRIDOR // The property is located within a competitive self-storage market with nine facilities within five miles.

 

GROWING TRADE AREA // The five-mile trade area currently includes approximately 14,645 residents with median household income at $93,184 and projected to be $101,264 within five years.

 

HIGH VISIBILITY AND TRAFFIC COUNT // Route 66 Storage & Properties is visible to Interstate 44 with daily traffic count at approximately 50,000 vehicles.

​​​​

INVESTMENT SUMMARY

​

Route 66 Storage & Properties represents an opportunity to acquire an established and unique self-storage facility located at 846 State Hwy AT in Villa Ridge, Missouri. The property consists of approximately 60,704 net rentable square feet across 177 units and is currently operating at approximately 88 percent physical occupancy and 90 percent economic occupancy. The facility offers a diversified mix of non-climate drive-up, non-climate interior-access, flex space warehouse, and outdoor parking units.

 

Currently listed at $4,500,000, Route 66 Storage & Properties generates approximately $453,415 effective gross income and $306,412 adjusted net operating income based on trailing three-month annualized income. Current income reflects a 6.81 percent cap rate. Rental rate growth is projected to be 10 percent in Year One followed by 5 percent growth in Year Two. Effective gross income is projected to be approximately $505,160 in Year 1 and $528,233 in Year 2, with net operating income projected at approximately $351,927 in Year One and $352,551 in Year Two with Year Two Cap Rate at 7.83 percent.

 

Located off Interstate 44 with daily traffic count of approximately 50,000 vehicles, Route 66 Storage & Properties is situated within an established self-storage market. The five-mile trade area currently contains approximately 14,645 residents with population in the same radius estimated to grow 9%+ over the next five years. Median household income within the five-mile radius is also projected to increase from approximately $93,184 to $101,264 during the same period, supporting continued household spending capacity within the surrounding market.