💎 Off Market 34 Unit Self Storage Facility w/ Value Add! 💎

Elmore County, Wetumpka, AL, 36093
Sold
Listed at: October 20th, 2023
Price
$150,000
Sq. Footage
0
Type
Commercial
Parking
Unassigned
Year build
0
Lot size
0.40 acres
Bedrooms
0
Bathrooms
0
Half Bathrooms
0
Summary

💎 Off Market 34 Unit Self Storage Facility w/ Value Add! 💎

Key Features:

  • Current NOI: $12,046
  • Pro Forma NOI: $21,445, investors can anticipate substantial income growth, leading to remarkable returns on investment.
  • Current Cap Rate: 6.85%
  • Pro Forma Cap Rate: 12.25%, showcases the consistent demand for storage space, ensuring a stable income stream for investors.
  • Priced at $45.71/sqft, investors stand to benefit from potential property value appreciation in the future.

Investment Snapshot:

  • Total Net Rentable Square Feet: 3,500
  • Number of Units: 34
  • Lot Size: 0.4 Acres
  • Physical Occupancy: 82.14%
  • Economic Occupancy: 56.04%
  • Price: $45.71/sqft

FOR MORE INFO & DUE DILIGENCE PACKET, PLEASE CALL ANTHONY!

PID #40547

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Anthony Quezada

★★★★★
★★★★★
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