Did you know that self-storage has been the top-performing commercial real estate sector for over 26 years and research shows that it’s still a smart buy in 2022?*
If you’re looking for a new investment, this well-established company may be just what you’re looking for. It is one of the only large storage facilities in the area and has room to expand. Revenue is earned from 38 large self-storage units which have approximately 85% occupancy without marketing, as well as a manual carwash which offers a credit/debit card payment option. The property is equipped with security monitoring as well as automatic keypad entry and exit and office space is included.
With space on the property for additional units and the possibility of an increase of up to 20% on rental rates, this business has a remarkable potential for growth.
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[*Source: Why Self-Storage is a Smart Buy in 2022 | The Motley Fool]