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147 N Pricetown Rd - Secure & Lock Storage - Lake Milton 45,000 SF Specialty Building Offered at $4,989,651 CAD at a 5% Cap Rate in Diamond, OH 44412
Investment Highlights
- Strong Occupancy Rate: Facility is currently at 92.6% occupancy across 161 units, supporting consistent revenue with major growth on-going.
- Performance: Monthly revenue average is $13,500 (NOI at $7,840) and growing by 12-15% each month. 35% rate increase scheduled for March 2026.
- Automated, Auto-pay, No Cash: All customers billed by card, on auto-pay contracts. All move-ins are completed by customer online. No on-site mgmt.
- Premium Location: Alongside I-76 and directly off the Lake Milton exit. This is the I-76/I-80 section - heavily trafficked section of highway.
- Brand New Facility: 4 brand new buildings, 5 renovated buildings, high-end facility security and access systems, lighting, electrical and drainage.
Executive Summary
Investment Highlights:
Strong Occupancy Rate: Facility is currently at 92.6% occupancy across 161 units, supporting consistent revenue with major growth on-going with both rates and occupancy.
Premium Location: Alongside I-76 and directly off the Lake Milton exit. This is the I-76/I-80 section - one of the most heavily trafficked sections of highway in the Country.
Performance: Monthly revenue average is currently $13,500 (NOI at $7,840) and growing by 12-15% each month. Rates were kept low during facility build-out and are now scheduled to increase by 30-35% (March 2026).
Growth Market: Facility net income continues to grow by 15% as both rates and occupancy increases. Rates were kept low during the build-out period and are now scheduled to increase by 30-35% (March 2026).
Brand New Facility: 4 brand new buildings, 5 renovated buildings, high-end facility security and access systems, lighting, electrical and drainage systems. This facility requires virtually zero maintenance.
Automated, Auto-pay, No Cash: Facility is totally automated and all customers are billed by card, on auto-pay contracts. All move-ins are completed by the customer online, and there is very little on-site management required. Site is completely turn-key, with 3 additional acres for future development.
*NOI is Projected 2026, brand name and likeness is not being transferred
Strong Occupancy Rate: Facility is currently at 92.6% occupancy across 161 units, supporting consistent revenue with major growth on-going with both rates and occupancy.
Premium Location: Alongside I-76 and directly off the Lake Milton exit. This is the I-76/I-80 section - one of the most heavily trafficked sections of highway in the Country.
Performance: Monthly revenue average is currently $13,500 (NOI at $7,840) and growing by 12-15% each month. Rates were kept low during facility build-out and are now scheduled to increase by 30-35% (March 2026).
Growth Market: Facility net income continues to grow by 15% as both rates and occupancy increases. Rates were kept low during the build-out period and are now scheduled to increase by 30-35% (March 2026).
Brand New Facility: 4 brand new buildings, 5 renovated buildings, high-end facility security and access systems, lighting, electrical and drainage systems. This facility requires virtually zero maintenance.
Automated, Auto-pay, No Cash: Facility is totally automated and all customers are billed by card, on auto-pay contracts. All move-ins are completed by the customer online, and there is very little on-site management required. Site is completely turn-key, with 3 additional acres for future development.
*NOI is Projected 2026, brand name and likeness is not being transferred
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$292,549
|
$6.50
|
| Other Income |
$18,045
|
$0.40
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$310,594
|
$6.90
|
| Taxes |
$33,642
|
$0.75
|
| Operating Expenses |
$64,786
|
$1.44
|
| Total Expenses |
$98,428
|
$2.19
|
| Net Operating Income |
$212,166
|
$4.71
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $292,549 |
| Annual Per SF | $6.50 |
| Other Income (CAD) | |
|---|---|
| Annual | $18,045 |
| Annual Per SF | $0.40 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $310,594 |
| Annual Per SF | $6.90 |
| Taxes (CAD) | |
|---|---|
| Annual | $33,642 |
| Annual Per SF | $0.75 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $64,786 |
| Annual Per SF | $1.44 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $98,428 |
| Annual Per SF | $2.19 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $212,166 |
| Annual Per SF | $4.71 |
Property Facts
Amenities
- Controlled Access
- Signage
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
- Backup Power / Generators
1 1
Property Taxes
| Parcel Number | 51-109-0-008.00-0 | Total Assessment | $566,218 CAD (2025) |
| Land Assessment | $113,998 CAD (2025) | Annual Taxes | $33,642 CAD ($0.75 CAD/SF) |
| Improvements Assessment | $452,220 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
51-109-0-008.00-0
Land Assessment
$113,998 CAD (2025)
Improvements Assessment
$452,220 CAD (2025)
Total Assessment
$566,218 CAD (2025)
Annual Taxes
$33,642 CAD ($0.75 CAD/SF)
Tax Year
2026
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Klepper Goldner
147 N Pricetown Rd - Secure & Lock Storage - Lake Milton
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