1550-1560 Rue Michelin - Self-Storage Facilities FOR SALE


Laval, QC H7L 4R3
$24,500,000 CAD
514-827-1861
1550-1560 Rue Michelin, Laval, QC for Sale
$24,500,000 CAD
Self-Storage Facilities - FOR SALE
1/58
null | 7.3% Cap Rate

1550-1560 Rue Michelin
Laval, QC H7L 4R3


OVERVIEW

Embrace the exclusive chance to acquire an entire thriving family-run enterprise, encompassing six properties, equipment, and everything essential for operating a prosperous self-storage business. Seize the opportunity presented by this business's consistently low vacancy rate, expansion opportunities, prime locations, and remarkable name and brand recognition. Instances to enter the self-storage industry with such favourable conditions are rare. Feel free to reach out today with any inquiries. Introducing a distinctive opportunity brought to you by Berkshire Hathaway's self storage specialists. We are thrilled to present a unique portfolio sale, featuring a semi commercial/storage site and five self-storage facilities. This exclusive offering encompasses a strategic blend of prime locations, equipped with everything necessary for a thriving self-storage business, and a proven track record of success. Explore this unparalleled chance to elevate your investment portfolio with us. The Business's main attractions: - 1-3% historical vacancy - Capacity to sustain organic rent increase - Close to commercial services and residential areas with easy access to highways - Strong branding - SEO - Domain names: ENTREPOSAGE LAVAL and ENTREPOSAGE LAURENTIDES - Environmental Studies + Engineer Reports Available - Prime locations - Possibility to expand 4 locations* FINANCIAL INFORMATION $ 2 091 633 Current annual gross revenue $ 347 740 Current total annual OPEX $ NOI of 1 744 000 ** These figures do not include the mortgage payments on the loan ** * There is currently an opportunity to take over a loan from the company at a 5.21% interest rate, which is locked in until May 2027.

FOR SALE DETAILS

PRICE

$24,500,000 CAD

PRICE/SF

$193 CAD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Entreposage Laval / Entreposage Laurentides

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.16 AC

LAND SF

268,330 SF

ZONING

-

APN/PARCEL ID

1600266

ASK ABOUT THIS PROPERTY

Louis MarianoBerkshire Hathaway HomeServices QuebecMore Info
514-827-1861

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Louis MarianoBerkshire Hathaway HomeServices QuebecMore Info
514-827-1861

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.