Mother Hen
Mother Hen
Self Storage Details
- Purchase Method: Cash, New Loan
- Number of Storage Units: 82
- Acreage: 1 acre(s)
- Square Footage: 16,400 sqft
- Occupancy: 96%
- Year Built: 2004
- Cap Rate: 5.0%
- Listing ID: 705024
- Posted On: Sep 14, 2016
- Updated On: Nov 21, 2017
Description
The property consists of three buildings, constructed in 2004, with a total of 82 units, located on one acre of land. The property is located on the northwest corner of Lost Lamb Rd and Highway 93 with frontage along both roads. All units are 10x20 for a net rentable area of approximately 16,400 Sf. This property and River Park Storage in Stevensville, MT are being offered at a discount if purchases together
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Financial Information
| Gross Income: | $49 |
| Operating Expense: | $22 |
| Net Operating Income: | $27 |
| Expense Ratio: | 44.9 % |