The is the ideal purchase if you are looking to get into self storage, or perhaps a second facility. This has turnkey manager with SSMC in place, close escrow and you have a coupon clipper.
Update 04-22 List price reduced to $3,600,000
Back area behind the main house, old garage demo, base rock in, ready for 18 twenty-foot containers. ($125/month)
Rerun your numbers, look at original OM, the income has tracked to the pro forma with rent increases
Update 02-25 List price reduced to $4,100,000
Monthly income increased from $27,500 to 33,500 a month, rerun your numbers if your previously looked.
There are still 6 more owner units being vacated and rented (~$600/month).
The residence will rent for $2,500 a month, studio for $700-$800.
Fire Insurance just renewed 01-28-25. No special zone, policy was $10,000
Opportunity to acquire a turnkey pride of ownership property. Long term owner retiring and moving. The site currently has 44,000 square feet of storage, a beautiful residential and studio, an approved 9,000 square foot expansion and room to add 15-20 containers. The site runs Sitelink Web Edition, uses Spiderdoor Gate Access and phone app, Forward Web website with online payments and rentals, and Deans and Homer Tenant protection plan now in place. The online due diligence package is available with the NDA and includes Sitelink reports, trailing 12 month bank account statements, operating statements, certificates of occupancy, and all bills paid.
Site inspections and tours are available anytime, schedule through Mark.
. Send mark your email address for the link to the due diligence folder in dropbox.