Hot Listing
Rare Investment Opportunity-Self-Storage Facility-115 Units + 12 comm.
Business Description
Investment Overview This offering presents a rare opportunity to 115-unit self-storage facility strategically positioned along a highly traveled highway corridor. Additionally, has existing 7 commercial units and 5 residential apartments on the property. The property benefits from excellent visibility, easy ingress/egress, and strong daily traffic counts, and next to the largest lake in NH with strong demand for boat and auto storage during winter months., driving consistent customer demand.
This opportunity is a compelling investment especially for a 1031 investment play. The owners are willing to have a complete buy out of the project or for an investor to come in as a partner with the 2 existing investors. The project for build out of the 115 unit self storage has been designed and approved and construction is ready to begin. The estimated cost for the current design is $810,000.
The cap rate would be at 9.5% for current build plans with potential to increase the cap rate with modification to existing commercial space. With value of buildings, storage buildings and land the potential value post construction could be at $7.6m.
Investment and Development Strategy
This opportunity is a compelling investment especially for a 1031 investment play. The owners are willing to have a complete buy out of the project or for an investor to come in as a partner with the 2 existing investors as 50% owner at half the ask price. The project for build out of the 115 unit self storage has been designed and approved and construction is ready to begin. The estimated cost for the current design is $810,000, and buy in would be used pay for the construction cost.
The cap rate would be at 9.5% for current build plans with potential to increase the cap rate with modification to existing commercial space. With value of buildings, storage buildings and land the potential value post construction could be at $7.6m.
This facility offers investors a compelling blend of income and long-term value appreciation in a durable, demand-driven asset class.
This opportunity is a compelling investment especially for a 1031 investment play. The owners are willing to have a complete buy out of the project or for an investor to come in as a partner with the 2 existing investors. The project for build out of the 115 unit self storage has been designed and approved and construction is ready to begin. The estimated cost for the current design is $810,000.
The cap rate would be at 9.5% for current build plans with potential to increase the cap rate with modification to existing commercial space. With value of buildings, storage buildings and land the potential value post construction could be at $7.6m.
Investment and Development Strategy
This opportunity is a compelling investment especially for a 1031 investment play. The owners are willing to have a complete buy out of the project or for an investor to come in as a partner with the 2 existing investors as 50% owner at half the ask price. The project for build out of the 115 unit self storage has been designed and approved and construction is ready to begin. The estimated cost for the current design is $810,000, and buy in would be used pay for the construction cost.
The cap rate would be at 9.5% for current build plans with potential to increase the cap rate with modification to existing commercial space. With value of buildings, storage buildings and land the potential value post construction could be at $7.6m.
This facility offers investors a compelling blend of income and long-term value appreciation in a durable, demand-driven asset class.
About the Business
- Years in Operation
- 6
Real Estate
- Owned or Leased
- Leased
About the Sale
- Seller Motivation
- Change
- Transition Support
- 4 weeks
Listing Info
- ID
- 2420728
- Listing Views
- 804
Listing ID: 2420728 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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