Seller's Contact Information
- RE: Self-Storage Portfolio
- Contact: Al Lorenzen
Quick Facts
Asking Price: | $2,500,000 | |
Annual Revenue: | Not Disclosed | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | Not Disclosed | |
Employees: | Not Disclosed | |
BBN Listing #: | 324253881 | |
Broker Reference #: | 001TB |
Business Overview:
Unique opportunity to acquire a value-add self-storage facility in the Western Iowa Market. This is being offered at a 7.3% Cap and room to significantly further increase rental rates.
This portfolio consists of 3 locations all within minutes of each other. The main location includes a sales office. There is a total of 15 buildings constructed between 1994 & 2020. Rents are below market and there is only one other smaller competitor and occupancy is 99%.
The owner(s) are focusing on other business interests. This is a perfect opportunity to acquire a value-add storage portfolio.
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Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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