2 buildings With 25 Storage Units: 32,352 total sqft. Built 2021-2023
Bldg.1- 14,400 Sqft / 25- 12’ X 48’units
Bldg 2 17,952 Sqft / 25 - 14’ X 48’units
Land: Approx. 5.76 Ac
Lease Tenants: 50 Rv/ Boat Misc Storage Units
Term: 3 Mnths- 1 Yr. 24 Available Now. 26 Units still to BeCompleted (doors).
Unit Rental: $250/ Mnth.
Number Rented: 8
Pro Forma Gross Income: $150,000/ Yr
Landlord Nnn Expenses: $25,000/ yr
Approx. $11,000. / Yr Tax
Approx. $10,000/ Yr Ins
Approx. $4,000/ Yr Cam
Noi: $125,000
Cap Rate 12.69%
Sale Price: $985,000.
Price/ Sqft: $30.45
Misc: There is a Easement in With Entrance to Bobcat, Tenants Can Get to the Back Rv and Boat Storage Property.
Seller Has Built all 50 Units, but 25 units need the doors installed. Doors are there. Selling “AS IS”. No financial. Only a few leased.