19704 Bloss Ave - Self-Storage Facilities FOR SALE


Hilmar, CA 95324
$4,750,000 USD
209-678-3159
19704 Bloss Ave, Hilmar, CA for Sale
$4,750,000 USD
Self-Storage Facilities - FOR SALE
1/24
null | 8% Cap Rate

19704 Bloss Ave
Hilmar, CA 95324


OVERVIEW

Come view this brand new built storage facility. This facility isn't missing anything. Great opportunity with lots of potential. Here is the breakdown of facility: 12 Units @ 14 x 60 = 840 sq feet rent is $600/month = $7,200/month 26 Units @ 15 x 30 = 450 sq feet rent is $325/month = $8,450/month 10 Units @ 15 x 40 = 600 sq feet rent is $400/month = $4,000/month 36 units @ 11 x 20 = 220 sq feet rent is 160/month = $5,760/month 18 units @ 12 x 20 = 240 sq feet rent is $175/month = $3,150/month 8 units @ 20 x 20 = 400 sq feet rent is $300/month = $2,400/month If all 110 units are rented at these rates, the monthly revenue would be $31,160. If all rates were cut 20% from these levels to fill it faster, the monthly revenue would be approx. $31,650. Current occupancy is 15 units ....... about $6,000 per month. Current owner utilizes some storage for their adjacent business that is not charged as a rental. Current owner will have interest in some storage space if it is sold. However, if you rent out the office building instead of personally occupying, you can generate more monthly income. Office Footprint is 40W x 70L with the office space occupying 40W x 40L and adjacent warehouse space that is 40W x 30L. The office space is 2 stories - upstairs space is finished and can be rented out to other business or utilized by administrative staff of the facility. This is a "MUST SEE" to visualize the potential! Schedule your appointment today!!!! For more information, you may contact Patrick at 209-417-7518

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Vault Storage Space

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.85 AC

LAND SF

124,146 SF

ZONING

M1

APN/PARCEL ID

015-100-008

ASK ABOUT THIS PROPERTY

Daniel MacielAtlantic RealtyMore Info
209-678-3159

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Daniel MacielAtlantic RealtyMore Info
209-678-3159

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