Stagecoach Storage is a two-property portfolio with 39,300 NRSF located in Vermillion and Elk Point, South Dakota.
Stagecoach – Vermillion consists of 124 non-climate storage units yielding 28,000 NRSF. The current physical occupancy is 60%. The Vermillion location has unit sizes ranging from 10×10 to 12×30. This location was developed in 2017. Construction highlights include concrete driveways, steel framing and metal buildings. The facility is equipped with video surveillance, gated entry and perimeter fencing.
Stagecoach – Elk Point consists of 48 non-climate storage units yielding 11,300 NRSF. The current physical occupancy is 59%. The Elk Point location has unit sizes ranging from 10×10 to 12×30 with a large 7,500 SF warehouse. 3,000 SF of the warehouse is heated and 4,500 SF unfinished. There is 4.5 acres of expansion room included at Elk Point.
The facilities are located 19.5 miles apart, about a 20-minute drive on Interstate 29. Both locations have value-add components of occupancy and revenue growth. Both properties are priced at $1,595,000.