711 N FAIRVIEW RD

With a pro forma cap rate of 6.1%, this new, non-climate-controlled 321-unit, 21,760 rentable sq ft storage center, built in 2025 by an experienced storage facility developer, is currently in the lease-up phase. It sits across from the mall, with excellent traffic counts and over 100,000 residents within a 5-mile radius. Plans are in place to expand it to 37,120 NRSF, adding 192 more doors. An additional estimated $496,679 investment for the expansion would bring a 10.3% cap rate. The units are comprised of storage lockers which can be classified as real or personal property depending on the owner's situation and are adjustable in size to meet market demand. (An offering memorandum is available upon request.) Columbia, MO is home to over 130k residents and the flagship campus of the University of Missouri, and has a strong real estate and economic market and has historically fared better than the rest of the state and nation during economic downturns. Columbia consistently ranks among the best places to live nationally, with top employers in healthcare and education.