Attic Mini Storage & Corner Store
Retail | 5.80% CAP | 23,600 SqFt
Marketing description
Located at 13191 La Barr Meadows Road, Attic Mini Storage offers secure and affordable self-storage solutions with easy access from Highway 49. This well-maintained facility features ground-level units ranging in size from 5' x 5' to 20' x 30', ideal for everything from a few boxes to a full household of furniture.
Key features include: Computerized gate access for added security, 8 security cameras (with Amcrest App), Courteous, professional staff, Convenient on-site Mini Mart with moving and storage supplies, Open 7 days a week, 8:00 AM to 8:00 PM, 'U Lock It' system for personal control over unit access. Whether you're downsizing, relocating, or just need extra space, Attic Mini Storage combines convenience, value, and peace of mind—all at some of the best rates in Grass Valley.
Built, managed and maintained by the current owner. Diversification of investment as the property features a retail component with a long-term tenant in tow. Apartment unit above the retail store adds to annual income.
Current capitalization rate exceeds 5.8% with upside through continued occupancy gains and increases in rental rates. Facility does not have a tenant insurance program. Implementation of a property protection plan with 50% penetration would yield over $11,000 annually. With a 10% rent increase and implementation of a tenant insurance program, the property would exceed a 8% CAP rate at 90% economic occupancy.
Investment highlights
- Located at 13191 La Barr Meadows Road, Attic Mini Storage offers secure and affordable self-storage solutions with easy access from Highway 49. This well-maintained facility features ground-level units ranging in size from 5' x 5' to 20' x 30', ideal for everything from a few boxes to a full household of furniture.
- Computerized gate access for added security
- 8 security cameras (with Amcrest App)
- Courteous, professional staff
- Convenient on-site Mini Mart with moving and storage supplies
- Open 7 days a week, 8:00 AM to 8:00 PM
- 'U Lock It' system for personal control over unit access
- Built, managed and maintained by the current owner.
- Diversification of investment as the property features a retail component with a long-term tenant in tow.
- Apartment unit above the retail store adds to annual income.
- Current capitalization rate exceeds 5.8% with upside through continued occupancy gains and increases in rental rates.
- Facility does not have a tenant insurance program. Implementation of a property protection plan with 50% penetration would yield over $11,000 annually.
- With a 10% rent increase and implementation of a tenant insurance program, the property would exceed a 8% CAP rate at 90% economic occupancy.
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