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Self Storage Details

  • Purchase Method: Cash, New Loan
  • Number of Storage Units: 40
  • Acreage: 1 acre(s)
  • Occupancy: 90%
  • Year Built: 1991
  • Listing ID: 363203
  • Posted On: Feb 19, 2013
  • Updated On: Oct 14, 2013

Description

Excellent cash flow opportunity! 10.5% cap rate - 40-unit self-storage with 8 5x10, 20 10x10, and 12 10x15 units. Business averages 90% occupancy. Property also includes a duplex with 2 1-bedroom units, low maintenance building in very good condition with solid rental history at $930 month (total). Duplex is currently rented long-term but could be used as an owner/manager apartment or business office.

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