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Self Storage Partner Wanted
for Property in Nevada
Price: $375,000
Number of Units: 63
Acres: 2.2
Square Footage: 8252
Occupancy: 78%
Looking for partner to take 52% position and will receive
approximately 7% per month on investment. This property was
purchased for $550,000 in 2005 to develop into small strip
mall, convenience store and gas station with self service
storage. Development ability is now two to five years away
due to current market economy. Existing note is due now as
balloon with new lender that purchased as part of FDIC loan
package and is too expensive for me to extend. LLC has no
liens or debt other than mortgage note, property is older
but in good shape and generates consistent income. LLC will
pay new partner approximately 7% monthly on capital
contribution. Investor will receive 100% of original
investment back first at time of sale plus monthly
payments.. Main tenant is business that is firm and doing
well so they are long term making income sustainable.
Investment monies will allow LLC to own property free and
clear with additional investment funds to be used for fence
and new roof to increase income and lower maintenance costs
(details when requested). This is a very honest, simple,
good deal! Yes, I will consider 100% sale for slightly more
but prefer partner so we may develop for larger return.
Potential buyer to show ability to purchase and will be
asked to sign confidentiality non-disclosure document for
further details.
Contact:
Andrew Corwin
Phone:(702)277-8662
To contact by e-mail complete form below
Filling out this form
for any reason other than a genuine interest in getting
more information about this offering is strictly
prohibited. Please contact the broker or seller only if
you have interest in the property. Any violations of
this policy will result in losing all privileges on this
website and may result in prosecution.
Last Updated: October 2,
2009
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The self
storage unit in Maynardville, TN sold yesterday.
Thank you so much for your wonderful site. It
works. It really does. We
had a broker in town work for a year to sale it
and not until we listed on this site did we
finally get the result we wanted. Thank you very
much.
The Zeppelin's
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I had my listing for a mini storage on your
website and I was honestly impressed by the
number of calls that I got from qualified buyers
that found my listing on your site. You must be
advertising in the right places. I've since sold
my mini storage listing and I'm currently
working a few of these buyers to help them find
other mini storage facilities for sale. Thanks
for your help.
Richard Rasmussen Designated Broker
Sunbelt Business Advisors, LLC.
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