3402 East 7th Street

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3402 East 7th Street

Joplin, MO 64801
Asking Price
$2.40M
Cap Rate
7.54%
Asset Type
Self-storage
Class
Class B

What's Special

54,000 SF Storage Facility in Joplin, MO | Only $45/SF - Below Replacement Cost <ul><li>​Non-climate drive-up units approximately 97% occupied, demonstrating strong tenant demand</li><li>​Immediate lease-up opportunity as repaired units return to stabilized occupancy</li><li>​Below-market rental rates provide a clear path for revenue growth</li><li>​Strong infill location with direct frontage along a high-traffic corridor (E 7th / I-44 Business)</li><li>​Additional income upside through ancillary revenue and operational improvements</li><li>​Low-cost unit conversion of part

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NOI
$80,000
Cap Rate
3.33%
DSCR
0.56
Underwater
Cash-on-Cash
-8.68%
Monthly Payment
$11,873.891
Annual Cash Flow
$-62,486.686

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