Mini Storage Warehouse For Sale

Business description

Very nice mini storage warehouse is just 9 years old. It has very high occupancy. It is located in a nice size suburban city a few minutes and a few miles from a major metropolitan city. Because of Hurricane Katrina, mini storage demand in this region exceeds capacity. This assures near 100% capacity now and into the foreseeable future.
The storage complex consists of: 62 climate controlled units, 189 regular units, 40 open air parking spots, an office (20 X 30) and a storage garage (26 X 30). There is approximately 48,000 sq ft of buildings. Warehouse has a full time manager that works M-F.
Rental rates appear to be below regional averages and could most probably be raised at least 5-10%, possibly 10-20% without losing occupancy. And all of this extra income would go straight to the bottom line.
Seller is ready to retire and is motivated to sell. Seller is open to substantive offers. Seller will seriously consider and promptly respond to all reasonable offers. Seller will consider some seller financing for a qualified buyer.
Business is located in a fast growing pleasant community to live and work. As a result of Hurricane Katrina, future growth of the community is expected to be phenomenal. Business is on the main high traffic four lane highway through town. It has great visibility. Come see this very nice business and property. We promise you will be impressed.

Property information

Real Estate:

Real Property Included

Location:

48000 sq ft

Other information

Support & training:

Available

Reasons for selling:

Retirement

Trading hours:

24/7

Furniture / Fixtures value:

$7,000 (included in the asking price)