Self Storage Details

  • Purchase Method: Cash, New Loan
  • Number of Storage Units: 32
  • Acreage: 2 acre(s)
  • Square Footage: 15,500 sqft
  • Occupancy: 95%
  • Year Built: 2015
  • Cap Rate: 8.3%
  • Property ID: 882390
  • Posted On: Nov 29, 2017
  • Updated On: Mar 5, 2018

Property Description

Its not very often an opportunity like this comes around. This Class A property was built in 2015 with 32 mini warehouse units, 2 storage containers & room for 5 more, 21 RV & 46 Car parking spaces, separate Men's and Women's restrooms, an Office trailer, 3 Phase, and an 8.33% CAP Rate. The entire property is fully fenced with automated gates, outdoor security lighting, Surveillance Cameras, all the units have LED lighting, insulation, and are finished vanilla shell. The property provides 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 storage units. This is also the dream location to build a new building for your business while collecting $16K a month in revenue

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Financial Information (Pro Forma)

Gross Income $190,000
Operating Expense $40,000
Net Operating Income $150,000
Expense Ratio 21.1 %
Debt Info 0