Merrit Self Storage; 1.4 mill; 8.5 cap rate....rates below market; part time manager

Sagebrush Mini Storage

2751 Pooley Ave, Merritt, BC V1K1C2

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• Price:
  $1,475,000 CAD
• Building Size:
  17,568 SF
• Price/SF:
  $83.96 CAD
• Property Type:
  Industrial
• Property Sub-type:
  Self/ Mini-Storage Facility
• Property Use Type:
  Investment
• Cap Rate:
  8.12%
• Occupancy:
  100%
• Tenancy:
  Multiple
• Lot Size:
  1 AC
• Find Out More...

Last Verified 10/7/2010 Listing ID 16816400

Highlights

• Fully occupied past 3 years
• Current gross income +/- $154,476 potential to gross $215,376

• Net income 119,792/-

Description

1 acre site with 17568 sq. ft. of renatable space. 47 portable continers and 10,336 in 3 metal clad buildingd. Fully frnced with digital camera security. Part time manager makes this an easy management investment. Is enjoying almost 100% occupancy and rates are below market. Futher expansion may be is possible with the aquisition of the adjacent 1 acre site.

Located in the industrial zone of Merritt.

Attachments

• Flyer(193 KB)