SHOVEL- READY PROJECT. Prescott remains one of the top places ranked in the country to retire and folks that continue to flock here are faced with a BIG problem - NO QUALITY ENCLOSED RV STORAGE FACILITIES WITHIN 101 MILES FROM THE SUBJECT PROPERTY TO STORE THEIR PRIZED POSSESSIONS AWAY FROM THE ELEMENTS (confirmed by Market Analysis & Feasibility Study in Seller's possession)! Additionally, an adjacent self-storage facility with great cash flow and valuation in a dynamite location is BIG PLUS.
Here's the opportunity to purchase and construct the first of its kind, high-caliber 128-Unit Enclosed RV/Boat Storage Facility along with a 353-unit Self-Storage Facility (including a 1,250sf on-site manager's house, 1,200sf on-site office & approx. 300sf of a leasable space for an outside business that can capitalize on the location & visibility of this subject property from new neighborhoods being developed). As per the Feasibility Study, there is CURRENTLY a demand of 966 storage units in the surrounding Prescott market that is not being met. Additionally, strong demand will remain with approx. 17,000 homes that are slated to be constructed in the immediate surrounding area (see Area Map, in attachments) and homeowners who have already moved in and are inconvenienced with not having decent storage facilities!
Both projects (Enclosed RV/Boat Storage Facility & Self-Storage Facility) are FULLY-APPROVED and PERMITS ISSUED to line up financing and begin construction immediately. HUGE BENEFITS: (1) Seller has City approval to have the opportunity to phase out buildings on both projects, so that they can be leased upon completion of construction; (2) IL zoning allows for enclosed RV units to be sold-off as condo units or leased out - oncoming buyer has preference. These projects were designed with maximum return on investment and valuations are exceptional for a buyer looking to own and operate a one-of-a-kind storage business in town.
*Please refer to Listing Overview document for more details and don't hesitate to contact Jon Rocha with any questions.
*Seller will consider offering Seller-Financing with the possibility to subordinate to a construction loan on the RV/Boat facility; negotiable.
*Seller is willing to furnish to prospective buyer supplemental documentation, such as: a complete Market Analysis & Feasibility Study on the property performed by an appraisal company, construction cost pro formas to help, approved construction plans for projects, etc, UPON AN ACCEPTED OFFER WITH EARNEST MONEY.
