1030 Alum Creek Dr, Columbus, OH 43209

The Opportunity

The Self Storage Group of Colliers International is pleased to exclusively offer to qualified investors the opportunity to purchase Right Space Storage at Certificate of Occupancy. This 726 unit, all climate control self storage facility is located at 1030 Alum Creek Dr., Columbus, Ohio. Located within the suburb of Bexley, this asset is highly visible to a population of 127,644 people within a 3 mile radius and to over 116,000 vehicles per day traveling along Interstate 70. The property also benefits from a daily traffic count of over 30,000 on Alum Creek Drive.

Right Space Storage is a three-story conversion of a former Sun Appliance retail box sitting on approximately 3.46 acres. It offers tenants 83,525 net rentable square feet, ranging in unit sizes from 5’ x 5’ to 10’ x 30’. The facility is scheduled to open for business in February, 2018 just in time for the prime leasing season.

With Right Space Storage, this facility will benefit the underserved submarket which currently offers approximately 2.08 SF/per person within 3 miles (2.74 SF/person including the subject space). There are no self storage properties within 2.7 miles of RightSpace Storage (2.7 is driving distance to nearest competition). The 3 mile radius has 54,882 housing units of which 32,038 are renter occupied or 58.4% of the total supply. The average household income within 3 miles is $58,810.

Right Space Storage will offer to tenants numerous amenities, including key code access, a spacious management office, an elevator, complementary moving carts, ambient music throughout the facility, 24 hours video surveillance cameras and security lighting throughout. The building features huge, illuminated signage on two elevations.

The buyer of Right Space Storage will benefit from the facility’s strategic location with heavy traffic counts, dense residential population, in a retail corridor and access between the I-70 exit and entry ramps. The offering includes a 2,200 SF retail drive-thru building which upon lease up can be additional revenue to the new investor. A daycare operation since 2011 paying $11,000 monthly rent is included in the offering.