Self Storage Details
- Purchase Method: Cash, New Loan
- Number of Storage Units: 145
- Acreage: 1 acre(s)
- Square Footage: 16,000 sqft
- Occupancy: 52%
- Year Built: 2014
- Cap Rate: 12.8%
- Listing ID: 506687
- Posted On: Feb 1, 2015
- Updated On: Mar 25, 2015
Description
Formerly Bristol College -- 10,000 Sq Ft Existing Building containing 74 New Betco Climate Controlled Units In Addition to 5 Micro Business Offices For Rent
3 New TRANE heat pumps, Security Cameras Inside and Outside,SITELINK Web Edition Software, Site can be remotely operated, DIGITECH Gate Controllers, New SUNPOWER Flip Up Entry Gate , KEYPAD Entry
Outside - 62 New BETCO Units Just Completed, NEW Signs. 6000 Sq Ft Outside Units Black Coated Fencing,Well Lighted Inside and Outside
Additional 1.8 Acres available for expansion - $ 45000 Ready to build
Property is Directly Behind K Mart off West State Street (11W) Great location with very strong Demographics for the facility.
Price is Completed Facility - Outside lighting is all that remains (March 2015)
Financial Information (Actual)
| Gross Income: | $129,600 |
| Operating Expense: | $16,900 |
| Net Operating Income: | $112,700 |
| Expense Ratio: | 13.0 % |
| Debt Info: | 85% LTV Financing Local Banks |
