CubeSmart Self Storage(3rd Party Managed)$9,950,000664 Units
CubeSmart Self Storage (3rd party managed) is a new Class-A facility which opened on August 23, 2023 (ideally located at Ring Road and Tunnel Hill Road). Excellent traffic counts exceeding 20,000 VPD at the intersection on Ring Road. Strong demographics with average household incomes of $101,000 within a 5-mile radius.
CubeSmart is without question the nicest facility in town and all the competitors are 100% occupied and have been for several years. Excellent construction – Rabco building package and BCMI as the GC.
Harrisonville Mini Storage is a well-maintained, established facility with outstanding visibility at the well traveled intersection of I-49 and Missouri 7. Originally built in 1983, the facility expanded in 2015 with climate control buildings and has room for expansion.
Over 21,000 vehicles per day drive by the facility on Interstate 49, 12 miles south of the Kansas City Metro. The facility offers potential for additional income through new profit centers such as merchandise sales and commissions on truck rentals and tenant insurance.
The property is in Lake Havasu City, AZ with a 2-minute drive from Lake Havasu and the Windsor Boat Launch. This city is known as the “personal watercraft capital of the world” with a thriving snowbird and water sport enthusiast community. With the location of this property in such close proximity to Lake Havasu, it’s a great investment for anyone trying to get into the area.
Sedona Self Storage is located in town and next to the Bashas’ grocery. The property is at full occupancy and has been at full occupancy for years. The current owner has added some automation features such as a mechanical gate with keypad and a cloud-based management software. He has not implemented any revenue management or tenant insurance programs.
In addition to the storage facility and on-site office, this offering includes a separate manager’s residence. The property is located adjacent to a high-traffic section of the 89 Freeway.
Projections over the next 5 years at higher occupancy attained through unit mix revisions and market standard rental escalations, would result in net operating income growing substantially from the 1st through 5th year of ownership.
Lucky 7 Storage$850,00085 Units, 12 Containers, 32 Parking Spots Units
Lucky 7 Storage is a great opportunity to purchase a well-located, value-add self storage business. The facility is situated in Cambridge, MN, less than an hour north of the Twin Cities MSA with strong demographics. Lucky 7 Storage consists of 19,326 rentable square feet and 85 units of self storage. The facility also includes 12 storage containers, 32 parking spots and a ~500 square foot office space that could be rented out to a tenant. This value-add opportunity allows the new owner to implement streamlined management, improve the online presence and grow rent rates and ancillary revenue sources.
BlackCat Storage is an 8,000 square foot storage facility located in the Mexia, TX submarket, due east of Waco, TX. Consisting of 80 non-climate-controlled units, being 96% occupied, the property sits on 6.93 acres of total land (of which around 2 acres is currently being used). The location has excellent exposure off a main artery within Mexia, on Tyler Street. This property is an ideal opportunity for a value-add buyer with the ability to expand upon the current square footage as well as room to grow existing rents.
This is a perfect opportunity to purchase a beautifully built self storage property that combines desired drive up and interior climate control units. Taking advantage of year-round high occupancy, this is a stabilized turnkey operation that any buyer can succeed with.
All Secure Self Storage conveniently sits right at the intersection of U.S. Hwy 85 and 120th Ave, in between Denver and Brighton. U.S. Hwy 85 serves as a main thoroughfare between Denver and Northern Colorado. More than 12,500 individuals live and work within a 1 mile radius of the U.S Hwy 85 and 120th Avenue intersection, a number that is projected to grow by 34% by 2040. Existing daily traffic volumes along U.S. Hwy 85 on this section range from approximately 21,000 – 29,000 vpd.
Home Run Public Storage in Granite Falls, Minnesota offers investors a great opportunity to own a self storage business with minimal immediate competition. With 2 locations in Granite Falls, Home Run Public Storage is well-established in the market, providing 57 units totaling 8,608 rentable square feet of drive-up self storage and 10,190 rentable square feet of heated warehouse space.
The facility’s drive-up units are consistently near 100% occupancy, allowing the new owner to capitalize on the demand through expansion. There is room to build at the Highway 212 location by way of ground up development or a conversion of additional units in the heated warehouse space. This offering is priced below the cost to build at $32 per square foot and provides a great opportunity for an entrepreneur to improve operations to create long-term value.
Self Storage development opportunity in rapidly growing Sarasota FL! This site is 1.227 acres on busy South Tamiami Trail, a major thoroughfare between Venice and the Sarasota-Bradenton area. The site has over 370 feet of frontage along Tamiami Trail with over 31,000 cars per day. Within walking distance is major shopping retailers including Lowes, Publix, Target, Costco and more.
The proposed configuration is a 3-story, 77,000 GSF climate controlled storage building. The site has been re-zoned using the general plan shown, removing political risk. This general plan can be built with administrative approvals only, which would include submitting site/dev plan to the county for permit and SWFWMD permitting. The Phase 1 Environmental has been completed without any REC’s. No species were found in the environmental report. Geotech available. Site plan approvals expected by December 2023.
Mini Stor All is a great opportunity to purchase a well located, value-add self storage business. The facility is situated in Fargo, ND, with over 200,000 people in the 5-mile radius. Mini Stor All has visibility to over 19,000 vehicles per day and is well positioned to serve the growing area. The facility sits on 4.29 acres with room for expansion through development, portable containers or outdoor parking storage. The property is fenced with a manual gate.
Mini Stor All consists of 42,034 rentable square feet and 399 units of self storage. There is a retail space of 7,850 square feet that has had a consistent tenant for over 10 years. Additionally, there are 13 leased commercial spaces with substantial room to increase rent. This facility has tremendous potential to capitalize on the lack of operational systems and revenue management.
Great opportunity to own mostly new, and very well-maintained facilities with great visibility. The main location is on busy Route 4 with traffic counts in excess of 6,500 vpd. The other is around the corner.
Central Illinois Storage – Chatham, has been under the current ownership for 20 years and has regularly expanded to meet demand. It is always at or above 95% occupancy. There is terrific upside! New owners will benefit from changing operations from its current Mom-and-Pop style, offering tenant insurance and regularly raising rates. Many long-term tenants have never had a rent increase!
There is room to add another 200’ building on this site, and there is a 2+ acre parcel just south and contiguous to the site, that’s available.
