Turn-key 202 unit storage facility with excess land available for expansion (approx. 3/4 acre)
Total building size: 41,200 sq. ft.
Year built: 2017
Lot size: 4.25 acres (185,274 sq. ft.)
Office space for owner-occupant/on-site manager
Free standing roof, no screw on the inside of the units
Fully integrated website with reporting matrix (transfers with sale)
https://www.americaspridestorage.com/
Began leasing in March 2018 - 44% occupancy as of 8/27/2018
Roof is fully insulated to minimize interior condensation
Black, powder-coated steel fence - to be completed prior to closing
6 inches of concrete flooring throughout the entire property
Trachte building system (Class A construction)
Each building sits at a 1% slope to maximize drainage
All unit floors sit on a foundation
Security: Disc-style locks on all units, 16 surveillance cameras on central system, property-wide LED lighting
Zoning: C-2
Motivated sellers
Pricing
List Price: $2,200,000 ($53.39/ sq. ft. - $10,891.09/ unit)
List price reflects a 7.42% cap rate when fully stabilized
2017 Real Estate Taxes: $6,216.02 (to be reassessed in 2018, estimated at $24,700, based on 2% tax rate)
Financials available upon request
Creative financing and potential Contract For Deed and partnership opportunities available
Contact broker for details
All showings must go through broker
Location
Located just northwest of the I-29 and Russell Avenue exit
Area neighbors include: Sonifi Solutions Inc., RDO Equipment, Maple Heights Apartments, Southeast Technical Institute, Autoland
