Log In/Sign Up
Your email has been sent.
806-808 S Franklin St 10,568 SF Industrial Building Wilmington, DE 19805 $450,000 ($42.58/SF)
Investment Highlights
- Strong Cash Flow: Existing monthly rents range from $90 to $571 per unit, with current rates below market, creating an opportunity to increase rates.
- Leased Property: All occupied units are under active lease agreements.
- Flexible Financing: Partial owner financing is available for qualified purchasers, so you could possibly purchase this property with no money down.
- Stable Investment: Low-maintenance property with minimal tenant turnover and a history of long-term occupancy.
- Value-Added Opportunity: Below-market rents provide significant upside for future revenue growth.
- Tenants are locals storing cars, household goods, along with contractors storing tools and materials
Executive Summary
Excellent opportunity to acquire an established, income-producing self-storage property in the Hedgeville section of Wilmington, Delaware.
This property features two buildings containing a total of 31 storage units. 23 of these measure approximately 9' x 20' and are equipped with 8' wide x 7' high overhead doors. There are 2 double units measuring approximately 18' x 20' and four units combined that measure approximately 18' x 40' to create an office and shop space with an overhead door at the rear.
This location is 100% occupied and rarely has a vacancy due to the under market rental rates.
Portfolio Opportunity: A second self-storage property located at 1209 Sycamore Street, Wilmington, DE is also available. The properties may be purchased individually or together as a portfolio, offering investors the opportunity to expand their self-storage holdings with two established, income-producing assets.
Contact the broker today for additional financial information, rent roll, and showing details.
This property features two buildings containing a total of 31 storage units. 23 of these measure approximately 9' x 20' and are equipped with 8' wide x 7' high overhead doors. There are 2 double units measuring approximately 18' x 20' and four units combined that measure approximately 18' x 40' to create an office and shop space with an overhead door at the rear.
This location is 100% occupied and rarely has a vacancy due to the under market rental rates.
Portfolio Opportunity: A second self-storage property located at 1209 Sycamore Street, Wilmington, DE is also available. The properties may be purchased individually or together as a portfolio, offering investors the opportunity to expand their self-storage holdings with two established, income-producing assets.
Contact the broker today for additional financial information, rent roll, and showing details.
Property Facts
| Price | $450,000 | Lot Size | 0.58 AC |
| Price Per SF | $42.58 | Rentable Building Area | 10,568 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1938 |
| Property Subtype | Warehouse | Tenancy | Single |
| Building Class | C | ||
| Zoning | 26C-1 | ||
| Price | $450,000 |
| Price Per SF | $42.58 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.58 AC |
| Rentable Building Area | 10,568 SF |
| No. Stories | 1 |
| Year Built | 1938 |
| Tenancy | Single |
| Zoning | 26C-1 |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 26-041.40-142 | Improvements Assessment | $189,600 |
| Land Assessment | $232,200 | Total Assessment | $421,800 |
Property Taxes
Parcel Number
26-041.40-142
Land Assessment
$232,200
Improvements Assessment
$189,600
Total Assessment
$421,800
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
806-808 S Franklin St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.