Payless Self Storage
Oklahoma City, OK
Asking price
$6,900,000
Units
230
Cap rate
—
Price / unit
$30,000
About this property
Argus Self Storage Property Listings Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Payless Self Storage Back to Results NEW Oklahoma City, OK $6,900,000 Value-add, owner managed, institutional-sized storage facility, located in the top 45 MSA of Oklahoma City Significant upside available through implementation of best management practices including marketing, tenant protection, online payments, management software and ECRI’s. Great visibility and strong traffic counts (26,697 vpd) along NW Expressway TPO roof installed in 2024 on climate controlled/retail building Attractive unit mix of storage, covered parking, outdoor storage, retail (can be converted to storage) and enclosed storage/warehouse Strong 3- mile demographics – 5% population growth forecasted over the next 5 years, $110,655 average household income 79% Unit Occupancy 76% Economic Occupancy $6,900,000 View Executive Summary Request Offering Memorandum All fields are required. I am a Principal I am a Broker I accept the Disclaimer . Property Info $6,900,000 98,120 RSF 230 Units Contact Listing Broker Listing Broker Jared Jones, CCIM Jones Investment Real Estate 918-948-3941 Email Stay Connected Contact Us 1-800-55-STORE Contact Us 5460 S. Quebec Street Suite 100 Greenwood Village, CO 80111 info@argus-realestate.com Join Argus Interested in becoming an Argus Broker Affiliate? Learn How © 2026 Argus Self Storage Advisors.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $6,900,000 |
|---|---|
| Units | 230 |
| Price per unit | $30,000 |
| Building size | 98,120 sq ft |
| First seen by UnitListed | Oct 10, 2026 |
| Source page last checked | Oct 24, 2026 |
| Source last changed | Oct 10, 2026 |
Before you call the broker
8 things are not disclosed on this listing. These are the questions that would close the gap — specific to a storage facility, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Physical vs economic occupancy — not disclosed
What is physical occupancy, and what is economic occupancy?
A facility can be 92% full and still be collecting far less, through concessions and delinquency. Physical occupancy alone flatters the deal.
Climate-controlled share — not disclosed
How many units are climate-controlled, and what is the rate premium?
Climate-controlled space earns more per square foot and costs more to run. The mix changes both sides of the model.
Expansion land and entitlements — not disclosed
Is there expansion land, and has anything been entitled or permitted?
Often the whole thesis in storage. Also the difference between a plan and a permit.
How it is managed today — not disclosed
Is this staffed, remotely managed or unmanned, and does a management contract transfer?
Decides whether the expense line you are shown survives the sale.
Asking price — disclosed
Currency of the asking price — disclosed
Unit mix and rent roll — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Oct 10, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Oct 10, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
