Business Overview:
This very attractive, state-of-the-art self storage facility consists of 530 units with Phase I constructed in 2005. Plans and engineering has been completed for Phase II expansion of up to 1,000 units in a 35,000 Square Feet addition. There is a 5.95% Assumable Mortgage. The facility produces a 47% Operating Income.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
As a bonus, located on the property and outside the secure foot print of the Self Storage facility is a freestanding building leased to a AAA retailer. The lease generates very attractive income further stabilizing this terrific investment opportunity.
Presently 530 units; expandable to 1,000 units on 5.8 acres plus extra free standing building (triple net leases); 5.9% Assumable Mortgage.
Market Competition and Expansion:
This location is considered the premier storage facility location on a major thoroughfare. This unparalleled state-of-the-art facility has seen continued demand and had an 85% occupancy rate.
Reason for Selling:
Retiring
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.
Resources: