$5,360,000 | 41,445 RSF | Public Storage - Paramount

Colliers is pleased to present a well located, Public Storage –managed facility at 6651 Paramount Park Drive in Louisville, Kentucky. The property benefits from exceptional visibility along I 65 (155,303 AADT) and immediate access to Fern Valley Road (37,092 AADT), offering 41,445 RSF across 410 units within thirteen single story buildings and a two story management office, all situated on approximately 5.47 acres. The site also includes 94 existing parking spaces positioned on top of two concrete pads for future expansion, providing the opportunity to add roughly 28,150 additional rentable square feet.

Louisville, the largest city in Kentucky with a population of 631,818, is anchored by major employers such as UPS, Humana, Norton Healthcare, GE Appliances, and Ford Motor Company, supporting a strong economic base in logistics, healthcare, and advanced manufacturing. The facility’s five mile trade area contains 196,148 residents, reflecting a 6.1% population increase since 2000, and 60.2% of local housing units are renter occupied, key indicators of sustained and growing demand for self storage.

This Public Storage–managed facility is offered at $5,360,000, representing a stabilized 7.0% cap rate and an attractive $129.33 per square foot. The asset demonstrates consistent historical operating performance and offers meaningful upside through improved revenue management and full utilization of the existing expansion pads. With Louisville’s expanding population, favorable business environment, and close proximity to the University of Louisville and major regional employers, this facility represents a resilient, high yield investment with strong long term growth potential.