Property details

RV Storage, Great Lakes - Big Rivers Region

Additional Loan Info

AAA Affordable RV Storage

Property Description

RV Storage property located in a city that has an ordinance prohibiting RV’s and large boats to be parked on driveways or in front of homes. This creates a demand for RV and boat storage, which this RV Storage facility fulfills. In addition, this storage property is located just minutes from a major Metro Airport.

Residential communities, established and developing, surround the property, providing a great client base and redevelopment opportunities for a high-density residential site.

This is an excellent opportunity for a first time or experienced storage investor. This RV storage facility provides several amenities for an investor: Secured Perimeter with Keypad Entry, a 3,200 sq. ft. Pole Barn, and Room to Development Additional Storage or Other Commercial Buildings. In addition, this storage facility includes a three-bedroom home, which can be utilized for onsite management or a new home for the owner.

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Highlights

Status:
Available
Price:
$549,000
PSF:
$8
Cap Rate:
10.61%
Annual Rent:
$58,260
 

Property Information

Building Size:
66,800 sq.ft.
Property Type:
RV Parks
Industry Type:
Self Storage - Mini Storage
Units/Spaces:
168
Year Built:
2001
Land Area:
3.55 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

Interest rate:
0.0%
Amortized over:
0 years
Annual Cash Flow:
$58,260
Cash on Cash Return:
10.61%

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.