Price: $925,000
Number of Units: 179
Square Footage: 33,435
Acreage: 2.71
Gross Income: 160,464
Expenses: 57,379
Net Income: 83,203
Cap Rate: 9% 2010 Actual
Occupancy Percentage: 63%

Located at 474-445 Big Sky Blvd. in Susanville CA, Big Sky Discount self storage consists of 33,435 net rentable square feet demised into 179 self storage units and 10 RV/Boat spaces. Big Sky Discount Self Storage also runs a very successful U-Haul rental center on-site. PSSG is pleased to present this self storage opportunity located in Susanville, California. Listed at $925,000, Big Sky Discount Self Storage offers the self storage investor a great opportunity to purchase a well maintained storage property in an excellent high visibility location, in great condition with assumable financing in place. This self storage investment is offered to the investor for $925,000 cash; cash to a new loan or cash to current loan. Based up on the 2010 annual income and expenses, the property represents a 9% cap rate and 13% pre-tax cash on cash return. There is assumable financing in place subject to lien holder approval. The current balance on the 1st is $674,285 at 6.35%, 30 year amortization that is due in 2012. The current lien holders may be willing to extend the current loan term.
 

 
Performance Self Storage Group
Carl Touhey
Phone: 650-368-2216

Email: ctouhey@earthlink.net