Paul, ID
Tri City Storage – Idaho
$1,400,000
179 Units
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Paul, ID
Tri City Storage – Idaho
$1,400,000
179 Units
First time or experienced buyers, here’s your chance to acquire an up-and-coming self storage facility. Tri City Storage is a recently-built (2022-2023) facility located in Paul, Idaho in the Southern Idaho Valley near the Snake River and numerous lakes.
17,500 NRSF storage, along with 46,080 covered canopy RV parking (179) units, plus 86 outside vehicle parking spots on +5 acres. Acquisition cost is significantly below replacement cost at $23/SF.
Currently 57% occupied and still in lease-up and rents are below market by $0.20/sf. Significant upside all around.
Fully fenced and secure with entrance gate, website and storage software in place.
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Tucson, AZ
Thornydale Storage
$2,400,000
Thornydale Storage is located on the corner of two well trafficked roadways in Tucson, Arizona. This site is strategically placed within geographic concentrations of high-income households adjacent to the Omni Tucson National Golf Resort. Expect high recurring brand exposure to recurring commuters and visitors to Mountain View High School, Arthur Pack Regional Park, and Crooked Tree Golf Course. The property is approved for development of a Class A multi-story self-storage. All that remains are approvals for civil and building permits which can run concurrently and are estimated to take about 90-180 days. Design and approvals have been handled by best-in-class industry leaders.
The Tucson MSA has been identified by Yardi® (and others as an underserved and underdeveloped market for self storage. Direct competitors are at full capacity and what little new supply that exists is leasing at an accelerated pace, indicating that new premium product would enjoy substantial pricing power. The next owner will enjoy the fruits of this developer’s labor. An irreplaceable site, nearby access to a growing and relevant customer community.
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UNDER CONTRACT
Lafayette, IN
Life Storage
$8,900,000
727 Units
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UNDER CONTRACT
Lafayette, IN
Life Storage
$8,900,000
727 Units
Life Storage (3rd party managed by Extra Space) is a new Class A conversion and expansion which opened on August 23, 2022. Ideally located on the corner of N. 6th Street & Salem Street, it encompasses an entire block bordered by N. 6th Street on the east, N. 5th Street on the west, Salem Street (main one-way westbound street into West Lafayette) on the north and Union Street (main one-way eastbound street into out of West Lafayette) on the south. Lease-up has been exceptional; facility is 100% occupied in a twenty-four month (24) span.
Strong demographics and strong job growth in the overall trade area. A major development that was announced for West Lafayette is that South Korean company, SK Hynix, is building a $4 billon dollar semiconductor packaging facility at the Purdue Research Park.
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SOLD
St Joseph, MN
Ridgewood Storage
$1,000,000
130 Units
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SOLD
St Joseph, MN
Ridgewood Storage
$1,000,000
130 Units
Ridgewood Storages offers buyers a great opportunity to acquire 20,200 rentable square feet of drive up self storage. The Trachte manufactured buildings provide customers with all steel, high quality storage units. The site boasts great visibility from County Road 75 to 22,874 vehicles per day. There is room for expansion, with city approval in place for one additional building.
Currently a mom and pop operation, Ridgewood Storage will greatly benefit from streamlined management operations. There is no website or ability to rent online and is managed through the outdated desktop Swamp management software. The new owner has the ability to implement more sophisticated management systems and establish an online presence to drive both occupancy and revenue.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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UNDER CONTRACT
Walla Walla, WA
Elite Storage
$7,500,000
463 Units
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UNDER CONTRACT
Walla Walla, WA
Elite Storage
$7,500,000
463 Units
Elite Self Storage, is located in Walla Walla, Washington, along a major corridor Isaacs Avenue. The property overview showcases a prime location and excellent growth potential. The financial analysis indicates strong revenue, with a promising five-year proforma.
Constructed in 2023, this 66,075 NRSF facility, spread across 463 Self Storage Units, is operated by Professional 3rd Party management. The facility features a variety of storage options including ground-level drive-up units, and double-door drive-thru units. Additional income could be added from Tenant Insurance, Retail, and Truck Rental.
The property also offers valuable amenities, including secure gated access, commercial-grade lighting, surveillance systems, fully paved concrete drive aisles, contact-free move-ins, and online and autopay availability. The property is well-poised for continued long-term success.
Seller will guarantee rent of $660,000 for 1 year (can be purchased at a lower price without rent guarantee).
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UNDER CONTRACT
Colville, WA
Colville Mini Storage
$775,000
49 Units
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UNDER CONTRACT
Colville, WA
Colville Mini Storage
$775,000
49 Units
Colville Mini Storage has 49 units spread across 8,380 net rentablesquare feet of storage space. The facility has a physical occupancy of100%. Colville Mini Storage features a variety of storage optionsincluding ground-level drive-up units, interior hallway units, single doordrive-up, and covered boat/RV units, additional income could be addedfrom Tenant Insurance and Truck Rental. The property offers valuable amenities, including secure gated access,clean/wide drive aisles, contact-free move-ins, and online and autopayavailability. Colville mini-storage is well-poised for continued long-term success with a stable and consistent cash flow history.
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Bridgeport & Chico, TX
Aspen Storage Properties 3-Property Portfolio
$3,200,000
379 Units
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Bridgeport & Chico, TX
Aspen Storage Properties 3-Property Portfolio
$3,200,000
379 Units
Aspen Self Storage is a portfolio of 3 properties located in the Bridgeport and Chico submarkets in Wise County, approximately 1 hour northwest of Fort Worth, TX. The portfolio consists of 43,285 RSF of 379 drive-up storage units. The properties sit on 10.67 acres of total land (several of which could be utilized for expansion).
The location has excellent exposure off a main artery coming into Bridgeport from the 245 Highway 114 location.
This property is an ideal opportunity for a value-add buyer with the ability to expand upon the current square footage, grow the unit occupancy as well as grow existing rents.
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Toledo, OH
Toledo, OH Fully Entitled Self Storage Development Site
$900,000
922 Units Units
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Toledo, OH
Toledo, OH Fully Entitled Self Storage Development Site
$900,000
922 Units Units
Fully entitled (154,875 GSF / 133,825 RSF), 12-acre new construction Class “A” drive-thru single-story development site in Toledo, Ohio. The area has a lack of new construction product with many surrounding facilities being older B and C rated facilities. The abundant 12-acre site is located directly adjacent to a Walmart. The site is large allowing for a 78,875 RSF non climate-control drive up and 54,950 RSF climate-control (100% ground level climate control) unit mix. Construction costs based on all ground level development (59% drive-up non climate and 41% climate control).
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Williston, FL
Williston Storage
$1,450,000
56 Units
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Williston, FL
Williston Storage
$1,450,000
56 Units
Williston Storage is a well-established all climate-controlled self-storage facility in Williston, FL, with proximity to Gainesville and Ocala. Located on 2 parcels with a combined total of 1.4 acres, this facility includes 4 buildings with 56 climate-controlled storage units, 3 warehouse buildings with an office, and a storage yard that can hold up to 10 boat/RV parking spaces or Boxwell units. The 3 warehouse buildings can be leased separately or converted to climate-controlled storage. There is space for an additional 10 boat/RV parking spaces behind the warehouse, if/when the current tenant vacates.
The self-storage building is 95% occupied with most units on a waiting list. The current economic occupancy is 78%, providing upside potential for future ownership. The warehouse space has a tenant in place on a 2-year lease, which began in March of 2024. The current owner just started marketing the boat and RV storage as of May 2024, allowing the new owner to utilize the space as they choose. The facility is remotely managed, and customers access the building through an onsite keypad. Seller is open to an “Entity” sale with 50% owner financing @ 6% for 14 years.
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UNDER CONTRACT
Deltona, FL
Deltona Self Storage Development Site
$1,550,000
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UNDER CONTRACT
Deltona, FL
Deltona Self Storage Development Site
$1,550,000
Fully entitled and permit ready self storage development site in Deltona, FL. This site is 5.19+/- acres with approved plans for a single-story 64,000 GSF Class A fully climate-controlled storage building. The building includes 551 units totaling 51,327 NRSF. Boundary, topo, tree, and ecological surveys are completed, as well as civil engineering, soil sampling and environmental studies. The site plan approval, development order, mitigation credits, right of way permit and building permits are in hand. The buyer will be responsible for the final site permit and impact fees to break ground.
The site has 530’ on frontage along Enterprise Rd and visibility from Debary Ave seeing over 32,000 cars per day. The I4 exchange is less than 1-mile. Major retailers surround the market area including Publix, Walmart, Dollar Tree, Lowes and many more. Residential development consists of over 2,160 single and multifamily units under construction within the area.
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SOLD
Windom, MN
Kwiklock Storage
$750,000
77 Units
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SOLD
Windom, MN
Kwiklock Storage
$750,000
77 Units
Kwiklock Storage offers a great opportunity to purchase a well-located, turnkey self storage business. The facility has consistently high occupancy in a market with minimal competitors. The property has great visibility and access making it a smooth rental experience for customers. Kwiklock is equipped with Davinci Locks and external LED lighting. Current ownership runs the property remotely using the StorEdge self storage management software. Additionally, there is a local contractor who assists with onsite responsibilities and would be willing to stay on.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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SOLD
Rochester, MN
A & A Mini Storage
$5,300,000
525 Drive Up, 32 Climate, 7 Commercial Units
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SOLD
Rochester, MN
A & A Mini Storage
$5,300,000
525 Drive Up, 32 Climate, 7 Commercial Units
Call for Offers Due: May 22, 2024
The A&A Mini Storage listing offers a fantastic opportunity to purchase over 83,000 square feet of drive up, climate and commercial storage in the growing market of Rochester, MN. Located off of Highway 14, this facility has tremendous visibility and is situated close to the downtown area. The facility provides 564 units of drive up, climate controlled and commercial storage. The property is completely fenced and equipped with 7 security cameras. There is a 800 square foot office on-site. There is land for expansion to add outdoor parking or additional storage buildings.
Current ownership has owned and operated this facility since 1993 and has not adopted new technologies or systems. It is operated on a desktop management software with no internet and no ability to rent or pay bills online. An experienced operator can add value immediately by implementing more efficient systems to drive revenue and occupancy.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
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