Biren Patel
Listed by Biren Patel
$6,900,000
5024-5030 ROHDE RD CERES CA 95307-9708
Details
APN 041059002000
Property Type Self Storage
Square Footage 41,000
Cap Rate 7.00%
NOI $478,851
Occupancy 95%
Pro-Forma NOI $593,000
Acreage 209088.000
Investment Type Institutional
Sale Condition For sale by owner
Excellent Location by 99 Freeway. Strong Demographic with 95 percent occupied and management upside
Investment highlights
Excellent self-storage investment opportunity in Ceres, CA Located by the 99 Freeway
NOI: $478851
Price: $6900000
Great Location with 95 percent occupied. It has immediate Expansion Potential with management upside. Rent is below market. Customers are coming from Keyes, Ceres, Turlock & Modesto. Strong population growth in the area with recent developments.
Approximately total 41000 rentable square feet
291 storage units (around 31000 feet)
7 apartments, House, office (10000 SF)
Around 2 acres land available for immediate expansion
Listing Contacts
Biren Patel
Listed by Biren Patel
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$478,851.00
$39,904.25/mo
Valuation Metrics
0
DSCR
6.94%
Cap Rate
6.94%
ROI
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