830 6Th St, Lafayette, IN 47904
61,419 SF Specialty Building Offered at $8,900,000 in Lafayette, IN 47904
For Sale
Active
Asking Price $8,900,000
- Property Type
-
Specialty
- Square Feet
- 61,419 SF
- Price / Square Foot
- $145
Listing Contacts
Robert Schick
Amy Hitchingham
Property Overview
Life Storage (3rd party managed by Extra Space) is a new Class A conversion and expansion which opened on August 23, 2022. Ideally located on the corner of N. 6th Street & Salem Street, it encompasses an entire block bordered by N. 6th Street on the east, N. 5th Street on the west, Salem Street (main one-way westbound street into West Lafayette) on the north and Union Street (main one-way eastbound street into out of West Lafayette) on the south. Lease-up has been exceptional; facility is 100% occupied in a twenty-four month (24) span.
Strong demographics and strong job growth in the overall trade area.
A major development that was announced for West Lafayette is that South Korean company, SK Hynix, is building a $4 billon dollar semiconductor packaging facility at the Purdue Research Park.
Strong demographics and strong job growth in the overall trade area.
A major development that was announced for West Lafayette is that South Korean company, SK Hynix, is building a $4 billon dollar semiconductor packaging facility at the Purdue Research Park.
Property Details
- Class
- B
- Year Built
- 2022
- Stories
- 1
- Property Subtype
- Self-Storage
- Lot Size (sq. ft)
- 118,048 SF
Highlights
- Extremely high barriers to entry as Lafayette has placed restrictions essentially banning any new development.
- Class A facility with Certificate of Occupancy issued August 2022.
- New development in Lafayette, IN.
- Excellent unit count with a plethora of parking on approximately 2 acres.
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