Historical Industrial Sale Listing - Performance Plaza Storage

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Performance Plaza Storage

5630 S. Hwy. 95,, Fort Mohave, AZ 86426

N/A

37,772 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
37,772 SF
Property Type:
Industrial
Property Sub-type:
Self/Mini-Storage Facility
Property Use Type:
Investment
Cap Rate:
7.92%
Occupancy:
52%
Tenancy:
Multiple
Clear Ceiling Height:
10 ft.
Lot Size:
2.31 AC
Listing ID
18296449
Last Updated
316 days ago

Description

Performance Plaza Storage includes a self storage facility plus 10 retail spaces. Pricing is a 7.92 cap rate based on actual 52% occupancy. The self storage consists of 321 storage units comprising approximately 28,175 net rentable square feet plus 6 parking spaces for boats and RV' s. There are also 2 residential apartments on site, one of which is currently rented. The other could be used as a residence for an on-site manager.. The retail tenants draw a significant amount of daily traffic to the plaza. The site area is 2.31 acres. There is also a large remodeled on-site office. The property enjoys excellent exposure off of Hwy 95 and is located adjacent to a major housing subdivision.

Fort Mohave is geographically between, and demographically connected to, Bullhead City, Arizona and Mohave Valley, Arizona. Highway 95 is the main roadway which stretches from Bullhead City south through Lake Havasu City and down to Interstate 10. As of the census of 2010, the population of Fort Mohave was 14,364, up 61 percent from 8,919 in 2000.

Map of 5630 S. Hwy. 95,, Fort Mohave, AZ 86426 (Mohave County)

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