Self Storage Details
- Purchase Method: Cash, New Loan
- Number of Storage Units: 199
- Square Footage: 26,100 sqft
- Occupancy: 85%
- Year Built: 1986
- Listing ID: 402846
- Posted On: Sep 18, 2013
- Updated On: Jan 2, 2014
Description
Very nice family owned self storage business at two seperate locations. The first one is located in Hutchinson, KS and has a total of 5 buildings and 144 units. The land is included. This complex is gated, well lit and has keylock entry for 24 hour access. There is a manager onsite. There is room to expand at this location with additional buildings and outside storage. This facility stays at about 75% occupancy. In addition to the Hutchinson location, we have a 3 building facility in the small college town of Sterling, Kansas about 20 miles away. There is a local manager for this site. This facility also includes the land and has 55 units and stays at about 98% occupancy.
At $425,000 and 21,600 square feet this equals $19.68 per square foot.
Annual income: $73920
Annual expenses: Total: $34580
Property taxes: $15900
Insurance: $2900
Staffing: $11280
Mowing:$1500
Misc.: $3000
Amenities
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- Manager On Site In Hutchinson.
- Secuity Gate At Hutchinson Site With 24 Hour Access.
- Well Lit.
- Room For Expansion.
- Local Manager At The Sterling Site.
- Land Included At Both Sites.