Business for Sale Overview:
This is an opportunity to buy a mini storage facility at a very reasonable price. It is just nine months old and has no other like facilities in its area. The owner is willing to escrow and pay the first six months mortgage for the buyer. The facility is fully automated and well lighted. A management company currently handles the leasing and minimal maintenance. The owner has not done any promotion and it is probable the speed at which facility is filling can be increased. It is normal for businesses like this to increase occupancy until full and then maintain a 90% occupancy rate. The outlook for this specific market is very good with a new interchange at Highway 264 slated for completion in 2009.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
An .8 acre that is fenced and lighted with drainage installed. Sixty 10' X 10' spaces rent for $45 per month and twelve 5' X 10' spaces renting for $35 per month.
Market Competition and Expansion:
The facility is just nine months old and has no other like facilities within miles.
Reason for Selling:
Owner is 65 and decided to sell various properties
Additional Details:
- The property is owned.
- The owner is willing to train/assist 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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.