Extra Space Storage | 17306 E US Highway 24

Extra Space Storage at 17306 E US Highway 24 presents a rare opportunity to acquire an institutional-quality, single-tenant self-storage facility in the heart of Independence, Missouri. Offered at an asking price of $15,000,000 (approximately $130 per square foot), this 115,013-square-foot asset sits on a 5.32-acre site with prime frontage along one of the area’s busiest corridors. With 867 units and a current occupancy rate of 91 percent, the property generates stable cash flow while offering significant upside through continued rent optimization and ancillary service expansion.

Built to accommodate a wide spectrum of storage needs, the facility features 17 unit configurations including standard and climate-controlled spaces, drive-up access, vehicle‐storage bays and dedicated wine and specialty storage. Security enhancements, climate control throughout, and flexible unit mix have positioned the asset as a leading choice for both residential and commercial customers. The property’s strong in-place rent roll underscores its market resiliency and demonstrates entrenched demand in the Kansas City metropolitan submarket.

Investors will appreciate the balance of immediate yield and growth potential. At $130 per square foot, this asset is competitively priced relative to recent market transactions, and its seasoned tenancy provides a platform for further revenue enhancement through targeted marketing initiatives and ancillary service offerings. The strategic location on U.S. Highway 24 affords exceptional visibility and accessibility, ensuring continued demand from both city and suburban trade areas.

With occupancy stabilized near market-leading levels and a highly diversified unit mix, this turnkey storage property promises a low-maintenance, high-barrier-to-entry investment. Extra Space Storage at 17306 E US Highway 24 is an ideal addition to any commercial real estate portfolio seeking dependable income, geographic diversification and long-term value creation.