Rare Investment Opportunity-Self-Storage Facility-212 Units
Business Description
Investment Overview This offering presents a rare opportunity to 212-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.
Investment and Development Strategy
The investment of $2.4 million will be used to acquire the existing property and site plans and project approval documents, and an additional $809,000 will be allocated for the development of new self-storage units and the improvement of the commercial and residential spaces. This development will focus on modernizing the facilities, enhancing security features, and adding specific unit types (e.g., larger units for vehicle storage) to meet the unique demands of the Lakes Region market. The development plan is designed to quickly increase rentable square footage and optimize the property's layout, driving the projected 9.2% cap rate and ensuring a rapid return on investment.
This facility offers investors a compelling blend of income and long-term value appreciation in a durable, demand-driven asset class.
Investment and Development Strategy
The investment of $2.4 million will be used to acquire the existing property and site plans and project approval documents, and an additional $809,000 will be allocated for the development of new self-storage units and the improvement of the commercial and residential spaces. This development will focus on modernizing the facilities, enhancing security features, and adding specific unit types (e.g., larger units for vehicle storage) to meet the unique demands of the Lakes Region market. The development plan is designed to quickly increase rentable square footage and optimize the property's layout, driving the projected 9.2% cap rate and ensuring a rapid return on investment.
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
- Rent
- $3,100.00 per month
About the Sale
- Seller Motivation
- Change
- Transition Support
- 4 weeks
Listing Info
- ID
- 2420728
- Listing Views
- 42
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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