First class self storage project on 1.79 acres offering an outstanding opportunity to operate an existing business while expanding the facility in a high-demand market to increase value and ROI. 49-Unit self storage facility located east of downtown Marysville, next to Yuba College, is the nearest storage to Beale Air Force Base, in an area of active residential development. 5,000sf of existing storage units remain 100% occupied with a constant demand! The business is included in the sale of the real estate. Additional land is partially rented for outdoor RV, boat, and car storage. A new operator could benefit immediately by leasing the remaining uncovered spaces. The current facility is designed to allow an owner to operate remotely with access to the onsite storage rental, electronic gate and billing software, video surveillance and site alarm all via the internet. The facility provides customers the ability to rent units and pay online. Plans to expand to 280+ storage units with a proposed 480sf office for on-site retail sales. Upon completion, the investment could generate a net income upward of $150,000 a year with a potential cap rate of 12%.
Courtesy of Donna Phelan, Intero Showcase South
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This content last updated on 12/11/2018 11:24 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Home Value History for 1976 North Beale Road Marysville, CA 95901