A-Mini Self Storage is being offered for sale. Seller's have stated they're motivated and ready to meet the market. Seller's responding to interested parties as offers are submitted. A-Mini Self Storage offers the next investor an opportunity to own the closest Self Storage to the greater Austin (MSA) Airport with upside by increasing the occupancy thru an aggressive advertising campaign. The A-Mini Self Storage consists of 54,875 NRSF of non climate units. The unit mix is primarily larger sizes with only 78 being 5x5 or 5x10. Larger units have lower tenant turnover and long-term tenants than the smaller sizes. A-Mini offers the next investor a unique opportunity to own self storage in one of the largest MSA's in Texas, and Austin was recently ranked as one of the top cities in the US to live in. As of 04/31/18, A Mini Self Storage reported a 65 percent unit occupancy and a 73.71 percent square footage occupancy. The upside in acquiring A-Mini is through an aggressive advertising and management campaign and adding social media presence/advertising and maximizing the additional 1/4 undeveloped acreage. The existing owner has been on-site just a few times in the last three years and frankly has neglected the ongoing operations of the facility. As such, it is reasonable to anticipate occupancy and operations improvements with new ownership.
A-Mini Self Storage offers the next investor the closest self storage facility to Austin-Bergstrom International Airport, offering convenient access to the storage facility via a quick right turn upon exiting the airport. Upside potential awaits the new investor of A-Mini Self Storage through diligently overseeing the day-to-day operations, as well as managing digital advertising.
As noted, the occupancy at A-Mini Self Storage as of April 30, 2018 was reported at 65 percent (unit occupancy) and 73.71 percent NRSF occupancy, due to having more large unit sizes which creates a larger discrepancy between these two measurables. By increasing the occupancy and revenue management, A-Mini Self Storage could provide better returns than what is currently being achieved. As such, A-Mini Self Storage is being offered at a discounted price per square foot, compared to the average Austin self storage facility, of 17.6 percent. By acquiring A-Mini Self Storage, the next investor can control facilities in Austin and hopefully capitalize on the benefits of living and residing in Austin, Texas