For Sale

Highlights:

• Existing site sits on 11.77 acres
• There are an additional 15 acres zoned M1 which would allow for expansion
• Property is on one parcel
• The expansion land is priced at $2.6M or $$3.98/SF.  The additional land must  be purchased with the existing asset making the aggregate price $8M
• Indoor parking helps meet the needs of recreators who want timely access to their vehicles

Highlights:

• Historically high occupancy, presently (02/22) at 99%
• No tenant insurance program in place
• Large site – 61,660 NRSF on 8.15 acres
• 30% economic vacancy – some seasoned tenants need to be raised to market rates
• Due to a prepayment penalty, seller cannot close before 03/01/23

Highlights:

• Upside in rents as the subject property has the lowest asking rents in the submarket
• Historically high occupancy (97%+)
• All units feature drive-up access
• Property generates roughly $3,000 per month in U-Haul commissions and presently is not collecting tenant insurance
• Seller is replacing the siding, trim and roofs on the first phase of the property

Highlights:

• Below market rents: spaces could rent for 15-25% more given the local rent comparables
• Cash flowing asset with the opportunity to increase the current occupancy (77%)
• Ample room to expand: back portion of property and the perimeter could be used for portable self-storage units
• Billboard provides passive income
• Park is equipped with new, state-of-the-art septic, water and electrical hookups (electricity is partially reimbursed to the owner).
• Strong amenity package: includes free Wi-Fi, fire pit, grill, bathrooms with showers, and laundry facilities