900 S MCLANE RD PAYSON AZ 85541-5452
67-UNIT SELF-STORAGE - INVESTMENT OPPORTUNITY
Marketing description
Located on the frontage at 900 S. McLane Road in Payson, Arizona (Gila County) known as JOT Mini Storage. This 67-unit self-storage facility also includes a LARGE 1-bedroom leased apartment (potential manager’s apartment). The self-storage units are non-climate controlled and represent a mix of exterior loaded and interior loaded units. Originally constructed in 1979, the property contains 11,967 square feet on a 0.52-acres site. The total rentable area is 10,740. 9,554 square feet of storage space and 1,050 square feet of apartment space. The difference between gross and rentable building area is due to common areas such as interior corridors, office area and restroom.
Investment highlights
CONTACT LISTING BROKER FOR PROPERTY DETAILED MEMORANDUM.
- 67 SINGLE STORY UNITS
- RENT STABALIZED
- HIGH DEMAND ASSET CLASS
- BELOW MARKET RENTS, WITH OPPORTUNITY FOR GROWTH POTENTIAL
ACTUAL/PROFORMA:
Occupancy 97%
NOI - Actual $56,721
NOI - Proforma $80,692
*Disclaimer: These numbers are provided as assumptions and are not guaranteed. Broker and/or Seller shall bear no responsibility if actual outcomes vary.
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