Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage Facility
Photo of Self Storage Facility
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage
Photo of Self Storage

Self Storage Details

  • Purchase Method: Cash, Seller Financing
  • Number of Storage Units: 160
  • Acreage: 17 acre(s)
  • Square Footage: 70,000 sqft
  • Occupancy: 90%
  • Listing ID: 300473
  • Posted On: Oct 9, 2012
  • Updated On: May 25, 2016

Description

Cap Rate under 10: Owner financing is available for this property at $250.000.00 down $5,600.00 monthly for 15 years. O.A.C. Gross income averages a little over $10,000.00 Monthly.
We have for sale app.70,000 sq. ft. of warehouse.App. 30,000 square ft is mini storage. We have a 70 ft. dock. In a separate building we have 2 apartments and 1 office app.2,400 sq. ft. Property fronts 3 roads. This property has something that so many facilities don't. Room for expansion,and room for so many additional businesses.Busy intersection directly in front of main drive. Acreage outside the fence are perfect for car wash, apartments, Jiffy Lube or just about any highway business. You really must see to believe. This is an area, with tremendous potential. This facility offers electronic access to the facility and warehouses,with 24/7 access and security cameras. It continues to grow. But the storage facility is only a small part of the potential for this property.

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Financial Information

Gross Income: $126
Operating Expense: $63
Expense Ratio: 50.0 %