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Self Storage Facility

Self Storage for Sale in Montréal, Quebec

Montréal, QC

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Sale Price: $2,500,000

Contact Information

Sam Storageman

Self Storage for Sale

Status: Active
Property ID: 304251
Posted on: Oct 09, 2012
Updated on: Oct 16, 2017
Price: $2,500,000

Property Description

Storage business for sale. Income: 150K+/yr or more for past 3 years. 80%-85% occupancy. Revenues: 700K On island of Montreal in a relatively central location. Footprint of storage business: 79,000ft gross Number of units: between 500 and 1,000 Nice build-out, excellent security, good visibility, possibility to add more units onsite. Note that this sale is for a business with a long-term perpetual lease. 40% financing is available through seller. To maintain existing profitability, minimal management is required (as is the case now). A very entrepreneurial person could double income in a very short time span. Reason for sale: The owner is involved in many businesses and storage doesn't really fit. He feels he has taken the business as far as he can and wants to see someone more motivated take it to the next level.

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