Workshop & Storage Facility
Self Storage | 10.30% CAP | 16 Units
Marketing description
A turnkey, hands-off income property. This 100% occupied income-producing commercial workshop and storage facility offers ~4,400 SF of rentable space across 16 fully leased units. The property features 1 office unit, 7 workshop units (20' x 20' each totaling ~2,800 SF), and 8 storage units (10' x 20' each totaling ~1,600 SF). The facility is well-maintained with simple operations, generating current annual income of approximately $50,000 with annual expenses of approximately $12,000. Some units have below-market rents, presenting immediate value-add opportunities with income upside potential of ~$60,000. Ideal for owner-operator or passive investor seeking a turnkey operation with low management requirements and a stable, diversified tenant base.
Investment highlights
- Turnkey operation with 100% occupancy
- Some below-market rents - immediate value-add
- Low management requirements
- Stable, diversified base across 16 units
- Ideal for owner-operator or passive investor
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