Offered as a value-add investment and/or owner-user opportunity. Self-storage facility is newly renovated and currently vacant, providing immediate lease-up potential. Warehouse is fully functional for continued industrial use or owner occupancy. The two buildings are connected by a skybridge.
Investment Highlights
65,520 SF industrial and self-storage complex
Two concrete buildings with newer flat roofs
321 climate-controlled self-storage units
Newly renovated self-storage facility
Warehouse suitable for manufacturing, distribution, storage, or owner-user occupancy
On-site 40 parking spaces and strong utility infrastructure
Annual Operating Expenses
Electric: $28,212 | Gas: $17,399 | Water/Sewer: $4,632
Insurance: $26,742 | Real Estate Taxes: $24,508
Significant lease-up and value-add potential
Cap rate is 6% based on projected stabilized income and assumes successful lease-up of the self-storage facility, which is currently vacant.
Disclaimer: All information contained herein has been obtained from sources believed to be reliable; however, no representation or warranty, express or implied, is made as to its accuracy or completeness. Prospective purchasers are advised to conduct their own independent investigations and due diligence regarding the property and all information presented.