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2083 N State Highway 7, North Vernon, IN
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2083 N State Highway 7
North Vernon, IN 47265-7177
.48 AC (20,909 SF)
For Sale Price:
42 Unit Mini-Storage Rental Facility located on the Northwest side of North Vernon near the intersection of State Road 7 and State Road 3. The facility consists of two (2) buildings constructed in 1991. The units have 100% to near 100% occupancy with 22-6X10 Units; 4-8X10 Units and 16 10X15 Units totaling 4,040 SF rentable storage space. 9.75% CAP Rate, financials and property survey available upon request.
North Vernon is a city in Jennings County, Indiana, United States. The population was 6,728 at the 2010 census.
Owner is willing to offer financing.
Small mini warehouse located near a high traffic area and adjacent to a new Taco-Bell. This property has been in existence since 1991. There are two buildings: Building 1 is 20' x 52' with concrete floor, wood frame, vinyl siding, asphalt shingles with a new roof installed in 2012. It has 16 units. Building 2 is 30' x 100' with concrete floors, wood frame, vinyl siding, asphalt shingles also a new roof installed in 2012. It has 26 units. There are a total of 22 - 6' x 10' units, 4 - 8' x 10' units and 16 - 10' x 15' units for a total of 42 units. The buildings are in good condition with no deferred maintenance. It presently is 100 % leased and has maintained an average of 95% occupancy since the present owners have had it for over 13 years. This would make a nice low maintenance investment for the right person.
This site is located at the north entrance to the city of North Vernon. Nice secure, open location.
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Berkshire Hathaway Home Services
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