Financing Quote                            Self Storage Directory                               Change Your Ad Self Storage Facility For Sale in Tri-City Area Arizona RV & Mini Storage   Price: $2,400,000 Number of Units: 250 Acres: 6.19 Occupancy: 55% Business Description: The storage buildings are of the best steel construction by Trachte. The office residence is an attractive two bedroom two bathroom, stucco with stone facing. There is a 3 car detached garage/shop building with a half bath, and washer-dryer hookups. Amenities include paved drives and parking; a 3 hydrant fire system is on the property, with piping for 3 more hydrants. Fencing across the frontage is wrought iron with stone faced posts, while a perimeter chain link fence encloses the other sides. A computerized gate allows for individually controlled access via keypads. The site is located in a commercial center connected to a PUD of 1,200 homes of which around 300 have been built. RV parking in the development is restricted, so the residents do use this business for their RV storage as well as self storage. The current occupancy rate is 55%. If the housing industry and job markets had stayed steady, we would be in the 70% bracket. The Area is a forward thinking, fast growing community of 13,000 people located approximately 90 miles from Phoenix, and is a bedroom community to Prescott and Prescott Valley with a combined population of 92,000. The area�s altitude of 4,800 feet makes it a year-round pleasant location. Historical Summary: The RV & Mini Storage, located in the Tri-City area of Arizona is a new business which started in May, 2005. Following the purchase for cash of 6.19 acres of land, a multiphase building program was established. The first phase consisted of 4 storage buildings containing 110 storage units, totaling 15,700 square feet. Also part of Phase 1 was the construction of an office-residence and a separate garage-workshop. By October, 2005 the business was 95% rented. We then continued with Phase 2 adding 3 more storage building which opened in 2006 increasing the operation to 250 units, with 36,400 square feet. The occupancy rate went up to approximately 70% in 2007. Since then, the slowdown in the economy hit the area, resulting in fewer new homes being built. The property occupancy is still growing but at a much slower rate than originally anticipated. Our vision on our 6� acres of land is to expand with 6 more buildings of approximately 200 units. This would then give us approximately 450 storage units at the time of completion. However, we also are planning to incorporate an additional 105 covered RV storage spaces at the back-end of our buildings. As the community begins to recover from this recession, the housing construction and job stimulus returns our facility will make the largest storage business in the Tri-City Area with approximately $525,000.00 gross income annually. New Owner Qualifications: This is a very hands-on operation. New owners must be able to get along well with people from different backgrounds and willing to help them in all areas, such as helping with customers after hours sometimes, knowing when to go that extra mile and help those people with different diversities. Be willing to give up some of your own time. We have found that the more you help them to feel at home, and feel that you are treating their valuables as your own, your reputation will give back two-fold. We continue to get good referrals from our customers, as well as being a repeat customer. Keeping the site clean of trash, keeping your landscaping neat the appearance is as important as good customer relations. Customers feel secure when you give them a secure and clean sense of being. Operations: This Mini Storage is a 24-7 business, even though we have office hours of 8 am to 5 pm; close the office on Sundays, the gates are open from 7 am to 7 pm, we are always available to help them if needed during after hours; if we are away from the business when they need help or just to talk to us, our business phone is forwarded to our personal cell phone. Employees: There is only the manager/co-owner and his spouse that runs the business at this time. The ideal situation is that couples operate the business so that one person can attend to the office and the other to take care of the ground and unit maintenance. Competition � Potential for Growth: Currently, there are 5 storage businesses in surrounding area; they range from 30 units to 170 units. At present, I am the newest and the largest mini storage in this area with room to expand. All the R V storage space is compacted AB road base, where the other storage locations are mostly dirt and weeds. Not all of the other businesses have security on their RV storage and some of their storage units. There are plans and space for R V dump station, wash rack and propane fill station. Marketing Outlook � Customers: At this time, our marketing has targeted only the Tri-City Area. The mediums we use are the phone book yellow pages; radio approximately once every quarter; we run newspaper specials; an entertainment magazine that is distributed in the large food markets; business flyers are kept at the Development Office as well as at the Chamber of Commerce in the community, all of the real estate offices in town; any housing development offices; advertise with the local Elks and Lions Clubs and post flyers/business cards in any business that will allow it. We also have our own website. Financial Summary: Financial Stability of the business is going to increase as the economy returns. At different times, we were at 97% until we constructed more buildings. We expect to see 70% by this time next year. As the economy grows, we should be about 90% to 95% full with a gross profit of approximately $225,000.00 in the year 2010 to 2011. We stay very competitive in our pricing. Units � 5X5 = $35.00; 5X10 = $45.00; 10X10 = $67.00; 10X15 = $85.00; 10X20 = $105.00; 10X30 = $150.00. RV�s � 0-30 ft. = $36.00; 30-40 ft. = $53.00. When the covered RV parking spaces are constructed, they will run approximately $3.00 per foot. Arnie Lakeyn The Paragon Group Phone: 480 776 5831 Email: alakeyn@yahoo.com   Last Updated: August 5, 2011