Seller Financing Available: Provides potential buyers with increased acquisition flexibility and below market interest rates.
High Day-1 Yield: The property offers a very strong in-place return with an 8.2% going-in cap rate, providing investors with immediate cash flow on day-1, and attractive cash-on-cash returns due to the Seller Financing terms.
Operational Upside: Current “mom and pop” ownership operates without management software nor advertising, presenting a clear opportunity to implement modern systems and marketing strategies to drive revenue growth.
Extremely Dense Surrounding Demographics: Over 100,000 residents within a 3-mile radius. Over 300,000 residents in a 5-mile radius.
Established Occupancy: The property has demonstrated historically strong occupancy levels, reflecting consistent tenant demand and operational stability.
Minimal Competition: No direct competitors within a 7-mile radius, offering a unique advantage in the local market.
Development Opportunity: Favorable zoning and the limited supply of traditional non-climate self-storage in the surrounding market presenting an opportunity to add non-climate units if the Buyer sees fit.