Rare Investment Opportunity-Self-Storage Facility-127 Units

Listing Number: 09551-129244

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.

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. 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.

This facility offers investors a compelling blend of income and long-term value appreciation in a durable, demand-driven asset class.

Listing Details

• Price: $ 2,400,000
• Down Payment: $240,000
• Sellers Discretionary Earnings: $ 295,000
• Total Sales: $ 453,000
• Location: Grafton County, New Hampshire


• Inventory: $ 0
• FF&E: $ 0
• Employees: 1
• Year Established: 2019
• Reason for Selling: Change
• Category: Real Property Rltd