This business has been operating for over 20 years, but is highly modern. The current owner purchased the Business 15 years ago and started with some upgrades here and there. Sales have remained very consistent over the years. The owner and his family have decided to sell in order to being the retirement phase. The owner is willing to sit down with a qualified buyer and review the corporate financials and all other details.
The facilities total 126,422 net rentable square feet in ten (10) buildings comprised of 948 units, 168 of these being climate-controlled, and 64+ parking spaces. The facilities are located on a total of approximately ten acres with 1.5 acres available for further expansion. Amenities include onsite management with video surveillance, perimeter fencing, and gated access.
This facility has a current occupancy of 96%. A new owner could expand and create more units and/or increase current rental rates.
Listing Details
FFE: $85,000 (Included in Price)
Inventory: $7,000
Reason For Sale:
Begin the retirement phase.
Training & Support:
As much as needed and agreed during the purchase process.
Location
Square Footage: 126,422