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A&B Storage is listed as an auction, with price listed as the starting bid. Auction will run December 11, 2017 until December 13, 2017.
Property tours are available by appointment. Please contact the broker to schedule.
- 100% drive-up storage units
- Potential rents of $112 212
- In-place income on an annualized basis of $67 750 (based of Feb. 10 2017 - Sept. 30 2017 annualized)
Investment Overview: A&B Self Storage (The Property) is a fully stabilized operating self-storage opportunity in the quaint Northern California City of Crescent City CA. With 18 004 rentable square feet in 143 units this facility is consistently 95-100% occupied in a market that includes primarily class B and C competition all of which are consistently 100% occupied. Crescent City is the county seat of Del Norte County with a county population of 28 610. The A & B Self Storage has a 3-mile population of 14 402 and a 5-mile of 16 472. The majority of the market competition lacks websites and many facilities operate only by phone with 3 of the 6 facilities called going to an answering machine. A facility would benefit greatly from a modern website with on-line rentals and auto pay features. Additional upside is available thru rental rate increases as rates are moderately below market rents.
|Property Type:||Traditional Site|
|Rentable Square Feet:||18,864 Sq Ft|
|# of Floors:||1 Floor|
|Number of Buildings:||1 Bldg(s)|
|Number of Units:||143 Unit(s)|
|Room For Expansion||No|
|Days Listed:||38 Days|