Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Inside Climate Unit With Camera
Inside Climate Unit With Camera
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Inside Climate Unit With Camera
Photo of Self Storage

Self Storage Details

  • Purchase Method: Cash, New Loan
  • Number of Storage Units: 145
  • Acreage: 1 acre(s)
  • Square Footage: 16,000 sqft
  • Occupancy: 52%
  • Year Built: 2014
  • Cap Rate: 12.8%
  • Listing ID: 506687
  • Posted On: Feb 1, 2015
  • Updated On: Mar 25, 2015

Description

Formerly Bristol College -- 10,000 Sq Ft Existing Building containing 74 New Betco Climate Controlled Units In Addition to 5 Micro Business Offices For Rent
3 New TRANE heat pumps, Security Cameras Inside and Outside,SITELINK Web Edition Software, Site can be remotely operated, DIGITECH Gate Controllers, New SUNPOWER Flip Up Entry Gate , KEYPAD Entry
Outside - 62 New BETCO Units Just Completed, NEW Signs. 6000 Sq Ft Outside Units Black Coated Fencing,Well Lighted Inside and Outside
Additional 1.8 Acres available for expansion - $ 45000 Ready to build
Property is Directly Behind K Mart off West State Street (11W) Great location with very strong Demographics for the facility.
Price is Completed Facility - Outside lighting is all that remains (March 2015)

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Financial Information (Actual)

Gross Income: $129,600
Operating Expense: $16,900
Net Operating Income: $112,700
Expense Ratio: 13.0 %
Debt Info: 85% LTV Financing Local Banks

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