- For Sale $725,000
- Property Type Industrial - Manufacturing
- Property Size 13,440 SF
- Units 106
- Lot Size 1.09 Acre
- Year Built 1972
- Date Updated Apr 21, 2026
- HVAC None
Description
Self storage facility located at 1705 E Blanchard Ave in Hutchinson, KS, serving the local market.Salt City Storage is a 106-unit self-storage facility located at 1705 E Blanchard Ave in Hutchinson, Kansas, offering 13,440 square feet across seven buildings on 1.09 acres. The property is currently 73.6% occupied and generating approximately $6,000 in monthly rent, with strong recent leasing momentum and clear upside to exceed $8,500 per month at stabilization. Over $110,000 in recent capital improvements—including security upgrades, gate access, and unit repairs—position the asset for continued lease-up and operational efficiency. The site benefits from strong visibility near Highway 50 and proximity to a 250+ pad manufactured home community. This is a value-add opportunity with projected cap rates of 9.15% stabilized and 10.75% by year three.
Highlights
- Attractive Returns: Pro forma cap rate of 9.15% with upside to 10.75% by year three
- Recent Capital Improvements: Over $110,000 invested in security systems, gate access, unit repairs, and infrastructure upgrades
- Remote Management Ready: Equipped with Easy Storage Solutions software and remote access (PDK) system with local maintenance in place
- Strong Location: High visibility near Highway 50 (~5,000 VPD) and adjacent to a 250+ pad manufactured home community
- Value-Add Opportunity: 73.6% occupied with clear path to stabilization and projected rent growth
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Contacts
Drew Gannon, CCIM
NAI Martens
Location
Contact Listing Broker
Drew Gannon, CCIM
NAI Martens
