Portland Storage Units Specialty FOR SALE


Portland, IN
$2,100,000 USD
239-293-3844
, Portland, IN for Sale
$2,100,000 USD
Specialty - FOR SALE
1/10
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Portland Storage Units
Portland, IN


HIGHLIGHTS

  • Very Limited Competition in the Immediate Trade Area With Only Two Other Self Storage Facilities in the Market.

OVERVIEW

- Seller Willing to Entertain Seller Financing With a Carry in the Second Position - Value-Add Self Storage Facilities Offered at Below Replacement Cost and Comprised of 383 Non-Climate Units Totaling 44,180 Net Rentable Square Feet - Very Limited Competition in the Immediate Trade Area With Only Two Other Self Storage Facilities in the Market - Opportunity to Increase Revenue Through Lease Up, Stabilization, and the Implementation of Existing Customer Rent Increases - Low Saturation Rate of 6.5 SF/Capita for Self Storage Within Five Miles of the Pearl Street Location - Opportunity to Increase Revenue Through Maximizing Fee Income and Tenant Insurance Sales - Facility is an Excellent Candidate for Remote Management With Management Software Already and Local Employee Already in Place - Recent Capital Improvements Include Numerous Door Repairs, Partition Repairs, Roof Maintenance, and Partial Paving of the Facilities - Portland is Located in Eastern Indiana Approximately 75 Miles Northeast of Indianapolis and is the County Seat of Jay County Which is Home to 20,354 Residents

ASK ABOUT THIS PROPERTY

Frank DeSalvoFranklin StreetMore Info
239-293-3844

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Frank DeSalvoFranklin StreetMore Info
239-293-3844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.