Self Storage For Sale
30,900 Sq Ft
Great Investment Opportunity!
The self storage units sit on 4.09+/- acres with 260 self-storage units varying in size from 5x10 to 10x20. Self storage is permissible use with a conditional use permit in the Industrial zoning.
Proforma per the appraisal is a 9.5% Cap rate. Current cap rate is 6.6%. The estimate of potential gross income indicate the units are being under leased and property has a incredible upside.
Buildings A through E were built from 1987 to 1991
Buildings F, H, I and J were built from 1996 to 1999