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Business Opportunity

Mini Storage

Listing ID: SA1634

Description

Unique opportunity to acquire a 100-Unit storage facility with a steady cash-flow, located in a strategic location. This property features three one-story, non-climate controlled self-storage buildings with 100-units totaling approximately 21,580 Sq. Ft., of rentable space and 41,818 of land area. The property is virtually fully occupied year-round. The unit-mix is comprised of standard sizes ranging from 40 Sq. Ft., to 300 Sq. Ft. Built in 1987, all buildings are in good condition and have a good overall market appeal. The rents were increased in September, 2022 which will now generate $180,960.00 in annual revenues, with annual NOI of $100K+. The business currently operates with an on-site manager, operating from an on-site office.

INVESTMENT HIGHLIGHTS:
  • Strategic Location: The property offers fronts of 130 ft. along a local busy road. The area is densely populated, surrounded by new mixed-use developments, and multi-family housing units. 
  • Opportunities For Near-Term Growth: The property has provided a steady cash flow for years by relying only on word-of-mouth referrals, providing growth opportunities if actively marketed. 
  • Multiple Storage Sizes: The variety of storage sizes ranging from 40 Sq. Ft. to 300 Sq. Ft. meets all client’s needs

Financial information

  • $1,880,000.00 Asking Price
  • $100,000.00 Cash Flow
  • $180,960.00 Gross Revenue
  • N/A FF & E
  • N/A Inventory
  • No Financing

Reason for sale

Retirement.

Facilities

There are 100 rentable units and an on-site management office.

Detailed information

  • Home Based:

    No

  • Franchise:

    No

  • Distressed:

    No

  • Relocatable:

    No

  • Year Established:

    1987

  • Year Acquired:

    1987

  • Willing To Train:

    Seller is willing to train new owner for a smooth transition.

  • Real Estate Available:

    Yes

  • Is Property Leased:

    No

  • Real Estate Included:

    Yes

  • Is Management Staying:

    No

  • Days Open:

    Monday - Sunday

  • Hours Open:

    24/7

  • Full Time Employees:

    1

  • Part Time Employees:

    N/A

  • Building Size:

    21,580 SQ. FT., of rentable space - There are 100 rentable units and an on-site management office.

  • Listing Id:

    SA1634

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Business location

Chamblee, GA

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