Property Description

This established storage unit business is 100% occupied with a waiting list, demonstrating strong demand and consistent rental income. The property currently includes 42 units divided equally between 2 buildings: four 5x10 units and thirty-eight 10x10 units. The 10x10 units offer additional flexibility, with the ability to combine two adjoining units into a 10x20 unit when back-to-back vacancies occur. The rear portion of the property is already cleared, providing potential for future expansion and additional storage units, subject to applicable approvals. Current gross annual rental income is approximately $38,400, with reported annual expenses of approximately $2,400, producing an estimated $36,000 NOI. A turnkey investment with established occupancy, a waiting list, and room for future growth.

Property Features