Self Storage Details
- Purchase Method: Cash
- Number of Storage Units: 162
- Acreage: 2 acre(s)
- Square Footage: 15,800 sqft
- Occupancy: 100%
- Year Built: 1989
- Cap Rate: 9.5%
- Listing ID: 541628
- Posted On: Jun 12, 2015
- Updated On: Sep 14, 2015
Description
Self storage facility comprised of six drive up storage buildings with a large lot for vehicle storage. Total units number 162 consisting of a mix of 5x10, 10x10, 10x15,10x20, 10x25, and 10x30. Three buildings erected in 1989 with three additional buildings erected in mid 90's. Facility security includes fencing and lighting. There is an office on the property. Facility sits on the borders of two small cities on a high traffic street.
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Financial Information (Actual)
Gross Income: | $126 |
Operating Expense: | $50 |
Net Operating Income: | $75 |
Expense Ratio: | 39.7 % |
Debt Info: | zero debt |