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Marketing Description
This is the opportunity to acquire a self-storage site with income in place and significant upside to follow. This site has 25,180 SF of indoor (non-climate) self-storage (on two floors) and an additional 13,800 SF of drive-up units currently being built (to be sold when complete). The area's market shows strong rents and 90%+ occupancy. Currently, the facility is owned by a developer and NOT being managed by a professional self-storage management company. The current owner purchased the property 1.5 years ago and it is 50% +/- occupied. There is no tenant insurance sales, has never had an auction, and no regular on-site manager. A lot of upside here.....
Investment Highlights
- 45,000+ People in 3-miles
- Strong Self-Storage market rents and 90% occupancy in 3-miles
- Major visibility (with signage rights) on I-84
- 25,180 SF of Existing Self-Storage (under managed).
- Additional, approved 13,800 SF of Self-Storage being delivered complete.
- Approvals for an additional 15,000 SF of Storage or Felx Industrial in place valued at $375,000 or $25/SF
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Contact Information
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Ownership Information
Zoning
MC1 MixedMixed UseMixed Commercial 1
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Property Details
Contacts
Listing removed on
BY:
Hans Hardisty PRO
•••.•••.7909
Hans@•••••••••••••••••••••••.com
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