Salt City Storage

Hutchinson serves as the economic and cultural hub of Reno County (population ~61,000), supporting a diverse economy anchored by healthcare, manufacturing, agriculture, and education. The city is home to Hutchinson Community College, driving seasonal and recurring storage demand from students and short-term housing turnover. Additionally, Hutchinson hosts the Kansas State Fair, which attracts over 300,000 annual visitors. Strategically located in central Kansas, Hutchinson benefits from proximity to major regional hubs, including: • Wichita (±45 miles) – the state’s largest city and primary economic driver • Salina (±70 miles) – a key logistics corridor along I-70 • Topeka (±110 miles) – the state capital Demographically, the market features a strong renter base (≈40%+ of households) and smaller household sizes (~2.2 persons), supporting consistent storage utilization. With limited institutional-quality self-storage supply and a predominance of older, locally owned facilities, Hutchinson presents a compelling value-add opportunity through lease-up, professional management, and rental rate growth.The current owners have transformed this property from a fully distressed asset with almost no occupancy to 73% occupancy, with a current monthly rent roll of approximately $6,000. There have been five net positive moves in the past two weeks. There is still significant runway to increase revenue to over $8,500 per month, with a projected future valuation in the $975,000–$1,000,000 range. Over $110,000 in capital expenditure has been completed over the past three years, including: o Installation of 16 new REOLink cameras o Expansion of the point-to-point internet system between buildings o Repairs to 30 down units o Installation of a remote access (PDK) system o New signage, fencing, pavement resurfacing, and an automatic gate The current owners have been utilizing Google and Meta ads; there is an opportunity for a new owner to leverage SpareFoot and other rental advertising channels to fill the remaining units. Turnkey opportunity for a remote owner, with a local maintenance/“boots-on-the-ground” contractor already in place. Prime location adjacent to Creekside Village Manufactured Home Community (150+ pads), and just off Highway 50, offering excellent visibility with approximately 5,000 vehicles per day.