Self Storage Details

  • Purchase Method: Cash, New Loan
  • Number of Storage Units: 59
  • Acreage: 5 acre(s)
  • Square Footage: 11,068 sqft
  • Occupancy: 85%
  • Year Built: 2000
  • Cap Rate: 8.7%
  • Property ID: 863854
  • Posted On: Sep 29, 2017
  • Updated On: Jan 2, 2018

Property Description

A Space Place Mini Storage is an income producing self-storage business. The property has excellent visibility with almost 400’ of frontage on highly traveled State Route 89. The Property Managers live onsite and can provide for an absentee owner or the Mobile home can accommodate a buyer that wants to live and work on the property. The 4.66 acres provide substantial opportunities to increases revenue, cash flow, and investment value by capitalizing on the available land to store RV’s, Boats, Horse Trailers, and build additional units. There is currently 10,200 sq ft of enclosed Storage Space. 28 10’ X 10’ Units, 14 10’ X 15’ Units, 11 10’ X 20” Units, 6 10’ X 30’ Units, and an 868 sq ft mobile home/caretaker quarters. Property has a security gate, is fenced around the perimeter, a water tank, fire extinguishers, and an onsite office. Financials available with signed non-disclosure agreement.

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Financial Information (Actual)

Gross Income $43,140
Operating Expense $12,690
Net Operating Income $30,450
Expense Ratio 29.4 %
Debt Info