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, New Loan
- Number of Storage Units: 85
- Acreage: 3 acre(s)
- Square Footage: 12,000 sqft
- Occupancy: 90%
- Year Built: 1995
- Cap Rate: 11.0%
- Listing ID: 376712
- Posted On: Jun 5, 2013
- Updated On: Apr 21, 2014
Description
VERY PASSIVE INVESTMENT. Excellent Location on a very busy Hwy Location. 85 Units (12,000 Rentable S.F.) and ready for expansion. Onsiite living Quarter with 24/7 Management in place. Property is 100% fenced and Gated with Brand New Keypads. No deferred Maintenance. CASH COW BUSINESS! Keep an eye on it from Home or while on Vacation. Its that easy! Occupancy as of Feb. 2014 is 90%.
Very Clean and neat property. Total of 3.1 Ac. NET CASH FLOW $37K AFTER ALL EXPENSES.
PLEASE DO NOT CONTACT THE FACILITY OR ITS EMPLOYEES DIRECTLY. CALL OR E-MAIL ME DIRECTLY.
Amenities
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- General Info.
- 3.1 Acres To Expand The Existing 85 Units Which Is 90+% Occupancy. Living Quarter And Management In Place 24/7. Cash Cow Business With Very Little Or No Management From Owners. Very Passive Investment. Very Busy Highway Location.
- Additional 2.5 Acre Adjoining Land Available.
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Financial Information (Actual)
| Gross Income: | $48 |
| Operating Expense: | $11 |
| Net Operating Income: | $37 |
| Expense Ratio: | 22.9 % |