- For Sale $7,250,000
- Property Type Industrial - Storage
- Property Size 98,810 SF
- Units 416
- Lot Size 8.05 Acre
- Building Class C
- Year Built 2020
- Date Updated Jun 2, 2026
- Office Area 1,400 SF
- HVAC None
Description
More Space Storage is located on South 120th Street in Papillion, Nebraska, between Cornhusker Road and Giles Road — positioned along one of the primary north-south arterials connecting Papillion to the greater Omaha metropolitan area. The surrounding Highway 370 corridor is one of the most active growth corridors in the MSA, with significant new residential, retail, and commercial development underway, bringing new rooftops and rising household incomes directly to the facility's trade area.More Space Storage is a 416-unit, 96,810-square-foot self-storage facility in Papillion, Nebraska, currently 90% occupied and offered at a 6.3% cap rate. Built in 2020 and 2023, it is one of the newest and best-positioned assets in the Omaha MSA. Property features climate-controlled units, enclosed drive-up garages, secured outdoor parking, digital surveillance, and 24/7 tenant access. The facility is locally built and operated, operationally clean, and primed for immediate upside through straightforward rate optimization. No deferred maintenance. No partnership complexity. Just a modern, well-occupied asset in one of the fastest-growing submarkets in the region.
Highlights
- 90%+ Occupied — Revenue Upside is Rate-Driven, Not Speculative
- Competitive Positioning in a Fragmented Market
- New Construction Quality, No Near-Term CapEx Risk
- Proven Demand in a High-Growth Submarket
- Quantifiable Near-Term NOI Expansion
- Straightforward Acquisition with Clean Ownership Structure
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Contacts
Benjamin Pearson
Lee & Associates
Location
Located at 9518 S 120th St, Papillion, NE 68046, this property is part of the Pink Industrial Park neighborhood and Omaha market.
Contact Listing Broker
Benjamin Pearson
Lee & Associates