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Asking Price:	$2,995,000 USD USA Dollars
Business for Sale Industry:	Services: Moving, Storage
Year Established:	2007
# of Employees:	1

Business for Sale Overview:

A new facility 48,500 square feet facility with 40,750 net rentable built with state of the art surveillance, 285 units, both climate controlled and conventional. Includes a manager's apartment with two bedrooms and two bathrooms, and office space. Fully light, paved and surrounded with a barbed wire topped fence between buildings. Also included is a 19,888 square feet warehouse all located on 4 plus acres. A new, clean and attractive facility in lease-up phase. After the initial opening the property rental income has been increasing at a rate of about 13% to 18% per month. Over the next couple months it should increase again due to the ending of the free third month free special offered by the owner. Overall customers are very satisfied with the quality of the facility and proximity to Owen Drive. At the end of February 2008 occupancy was over 38%.

Property Features and Assets:

This brand new facility opened in the first quarter of 2007, is clean and attractive, has state of the art security, is fenced and lighted, has an 800 square feet manager's apartment and an 800 square feet office area. Net rentable square feet of 40,750 is on about three acres. Of the net rentable storage space, 12,200 square feet is climate controlled. The current asking price also includes a 19,888 square feet warehouse building located on an adjacent 1 plus acre, which could be converted to self storage. Currently it is leased out at $2.40 square feet.

Market Competition and Expansion:

Competition: Enterprise Storage is located and visible from Owen Drive. Owen Drive is a major arterial road connecting All American Expressway to Interstate Highway 95. Over 24,000 cars per day travel on Owen Drive. Enterprise Avenue is host to a small cluster of industrial building within a growing and vibrant residential community. The storage is in an excellent position to serve the adjacent community. Growth and Expansion: The Enterprise Storage Facility is located in the heart of Fayetteville, NC adjacent to the Interstate 95 corridor. It is the sixth-largest city in North Carolina, featuring such amenities as numerous historic sites, seven museums, three colleges and universities, multiple entertainment venues, a historic downtown and award-winning golf courses. The city of 175,000 residents offers a Regional Airport and close proximity to convenient in-state highways.

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.