327 N Superior St, Hutchinson, KS 67501

$987,000

Property Description

Superior Storage is one of just a few self-storage facilities that is built almost entirely with poured-in-place, reinforced concrete. Even the dividing walls between storage units are poured concrete in all but the smallest storage units. Think "safe rooms" with overhead or walk-in doors. This facility provides excellent security for tenants who have experienced "break-ins" between units. It is also very low maintenance...hail doesn't dent concrete, high wind doesn't blow these buildings around. The north 25% of the property is undeveloped, grass-covered land (140'x148.74'), ready for future development. The south 75% of the property is fenced, gated, and paved (140'x426.26' where the storage units are located). There are 15 buildings: 14 buildings hold the 144 units. The 15th building has a small office and half bath PLUS a 2-bedroom apartment which is occupied by a couple who provide minor maintenance and open/close the gate each day in return for "free" rent. James S. Davis is the General Partner of Eastgate Ltd. #3, L.P. and a licensed Kansas real estate broker.

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