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FULLY AUTOMATED LEXINGTON SELF STORAGE FACILITY FOR SALE 519 ROBERTSON ST LEXINGTON, KY 40508 John Bunch Advisor 859.264.0888 x236 [email protected] SVN | STONE COMMERCIAL REAL ESTATE | 300 E. MAIN STREET, SUITE 220, LEXINGTON, KY 40507 SALE BROCHURE

FULLY AUTOMATED LEXINGTON SELF STORAGE ......SVN Stone Commercial Real Estate is pleased to present this rare fully automated self-storage complex located at 519 Robertson Street Lexington,

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Page 1: FULLY AUTOMATED LEXINGTON SELF STORAGE ......SVN Stone Commercial Real Estate is pleased to present this rare fully automated self-storage complex located at 519 Robertson Street Lexington,

FULLY AUTOMATEDLEXINGTON SELFSTORAGEFACILITY FOR SALE519 ROBERTSON STLEXINGTON, KY 40508

John BunchAdvisor859.264.0888 [email protected]

SVN | STONE COMMERCIAL REAL ESTATE | 300 E. MAIN STREET, SUITE 220, LEXINGTON, KY 40507 SALE BROCHURE

Page 2: FULLY AUTOMATED LEXINGTON SELF STORAGE ......SVN Stone Commercial Real Estate is pleased to present this rare fully automated self-storage complex located at 519 Robertson Street Lexington,

OFFERING SUMMARY

Sale Price: $1,750,000

Property Type: Self Storage

Sale Type: Investment

Lot Size: 0.76 Acres

Year Built: 1993

Total Units: 135

Building Size: 15,694 SF

Zoning: B-4

SVN Stone Commercial Real Estate is pleased to present this rare fully automated self-storage complex located at 519 RobertsonStreet Lexington, KY 40508 “Lex Stor.” The Lex Stor facility is comprised of 135 total units with unit breakdowns that can be seenbelow. Since acquiring the property in 2014 the current ownership has taken steps to not only renovate, but to also automate itsevery function. The following improvements have been completed: new standing-seam metal roof, new roll up doors, newlyconstructed stand-alone management office, security cameras, outdoor lighting, freshly painted Kentucky mural, automated gate, aswell as an open tech insomniac automated kiosk for new storage rentals. Current occupancy hovers around 98% with stronghistorical occupancy. Rental rate increases taking effect Q1 of 2020. For further inquiry into this facility including financials, pleasereach out to John Bunch at [email protected] or 859-433-8911.

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• 98.7% occupancy

• Below market rents

• New standing seam metal roof with warranty

• Freshly painted with Kentucky mural

• Newly built stand alone management office

• Automated outdoor lighting and cameras with synchronized gate

• Site link automated

• Open tech - Insomniac Kiosk

Property Summary

519 ROBERTSON ST LEXINGTON, KY 40508 SVN | Stone Commercial Real Estate | Page 2The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Page 3: FULLY AUTOMATED LEXINGTON SELF STORAGE ......SVN Stone Commercial Real Estate is pleased to present this rare fully automated self-storage complex located at 519 Robertson Street Lexington,

519 ROBERTSON ST LEXINGTON, KY 40508 SVN | Stone Commercial Real Estate | Page 3The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

519 ROBERTSON ST

UNITTYPE SF MONTHLY

RENTTOTALUNITS

UNITSOCCUPIED

UNITSVACANT

4X6 24 $45 11 11 0

5X10 50 $55 48 45 3

10X10 100 $95 22 22 0

10X15 150 $129 15 15 0

10X20 200 $149 36 36 0

15X20 300 $195 2 2 0

20X30 600 $250 1 1 0

Unit Breakdown

Page 4: FULLY AUTOMATED LEXINGTON SELF STORAGE ......SVN Stone Commercial Real Estate is pleased to present this rare fully automated self-storage complex located at 519 Robertson Street Lexington,

519 ROBERTSON ST LEXINGTON, KY 40508 SVN | Stone Commercial Real Estate | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Additional Photos

Page 5: FULLY AUTOMATED LEXINGTON SELF STORAGE ......SVN Stone Commercial Real Estate is pleased to present this rare fully automated self-storage complex located at 519 Robertson Street Lexington,

519 ROBERTSON ST LEXINGTON, KY 40508 SVN | Stone Commercial Real Estate | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

POPULATION 1 MILE 3 MILES 5 MILES

Total Population 9,716 213,260 375,346

Median age 30.9 35.2 35.0

Median age (Male) 30.1 34.1 34.0

32.0 36.4 36.1

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 4,595 91,155 157,097

2.1 2.3 2.4

Average HH Income $32,716 $58,266 $66,059

Average house value $223,116 $226,016

* Demographic data derived from 2010 US Census

Demographics Map & Report

Page 6: FULLY AUTOMATED LEXINGTON SELF STORAGE ......SVN Stone Commercial Real Estate is pleased to present this rare fully automated self-storage complex located at 519 Robertson Street Lexington,

519 ROBERTSON ST LEXINGTON, KY 40508 SVN | Stone Commercial Real Estate | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Aerial

Page 7: FULLY AUTOMATED LEXINGTON SELF STORAGE ......SVN Stone Commercial Real Estate is pleased to present this rare fully automated self-storage complex located at 519 Robertson Street Lexington,

519 ROBERTSON ST LEXINGTON, KY 40508 SVN | Stone Commercial Real Estate | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Location Maps

Page 8: FULLY AUTOMATED LEXINGTON SELF STORAGE ......SVN Stone Commercial Real Estate is pleased to present this rare fully automated self-storage complex located at 519 Robertson Street Lexington,

519 ROBERTSON ST LEXINGTON, KY 40508 SVN | Stone Commercial Real Estate | Page 8The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

JOHN BUNCH

Advisor

[email protected]: 859.264.0888 x236 | Cell: 859.433.8911

PROFESSIONAL BACKGROUND

John Bunch serves as an Advisor with SVN Stone Commercial Real Estate in Lexington, Kentucky. He specializes in the sale and leasing of Industrial and Office properties inCentral and Northern Kentucky. He also works with investors and tenants to locate specific properties aligning with their short and long terms goals and objectives.

John is a Kentucky native and graduate of the Gatton College of Business and Economics at the University of Kentucky. Prior to joining the SVN Stone Commercial team, Johnworked in industrial sales in Dallas, Texas primarily on ground-up new construction and development projects collaborating with property owners, tenants, developers,architects, engineers, general contractors, and sub-contractors.

In 2017 & 2018 John was awarded the "Achievement" award from SVN International Corp. recognizing superior performance among 1600 advisers nationwide. He has finishedthe last two years in the top 10% of the company in sales and leasing and has no plans of slowing down.

John enjoys spending time with His wife Maggie and son Miles. He enjoys time with friends and serving at his local church. He comes alive talking about anything to to dowith business investments, the outdoors, UK athletics, and finely crafted bourbon. You can contact him at 859.433.8911 or [email protected].

MEMBERSHIPS

CPAL - Commercial Property Association of LexingtonCCIM - Certified Commercial Investment Member

SVN | STONE COMMERCIAL REAL ESTATE300 E. Main Street, Suite 220

Lexington, KY 40507859.264.0888

Advisor Bio

Page 9: FULLY AUTOMATED LEXINGTON SELF STORAGE ......SVN Stone Commercial Real Estate is pleased to present this rare fully automated self-storage complex located at 519 Robertson Street Lexington,

519 ROBERTSON ST LEXINGTON, KY 40508 SVN | Stone Commercial Real Estate | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Disclaimer

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be usedfor any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent ofthe SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person isauthorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receivingthese materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOffering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct,and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representationsor warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or madeavailable to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fullyexecuted and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor anyof their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this OfferingBrochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on termsacceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing andagreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospectivepurchaser proceeds at its own risk.