We are happy to introduce you to GuardAll Self Storage which can be acquired for replacement cost, at only $119 per foot. The store is in Kingman, AZ, 90 minutes from Las Vegas, and 8 minutes away from the Kingman Airport. The five-mile fundamentals are some of the best in Mohave County and this does not count the additional demand from snowbirds that come to the area for outdoor activities and mild winter weather. GuardAll Self Storage is also a 6-minute drive from Interstate 40.
This is a pure mom/pop play with an annualized revenue of $509,800 ($43k/month) on nearly zero marketing, no call center and a basic website. Our rent survey shows the facility is on track with other nearby stores with an average of $155/unit. However, the existing customers are not on the mark with average rates. By increasing in place rents for existing customers to market rates, rental income alone will push closer to $588,000 ($49k/month).