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Outdoor Storage Business with Real Estate – SOLD

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Listing Number: 3615

Summary - Outdoor Storage Business with Real Estate – SOLD

Profitable & highly sought after outdoor self-storage business with attached real estate included. High barrier to entry location, with minimal competition. Simply run operation, only 1 part-time employee. Automatic payments from customers each month. Many long term tenants in place. All nearby outdoor storage facilities are fully occupied. Current tenants paying below market rents, numerous ways to increase revenue significantly.

Listing Broker

Jonathan Barak

Jonathan Barak
Business Intemediary Specialist

Phone: 954-596-8060

  • Category:
  • Sub-Category: Storage & Warehousing
  • Asking Price: $13,000,000
  • Gross Sales: $835,197
  • Cash Flow: $760,932
  • County: Confidential
  • Area: Confidential
  • FFE: $219,000
  • Inventory: $0
  • Real Estate: $13,000,000
  • Employees: 0 - Full-Time 1 - Part-Time
  • Facilities: Confidential
  • Relocatable? No
  • Home Based? No
  • Market Notes: The self-storage market was valued at USD $87.65 billion in 2019, and is expected to reach a value of USD $115.62 billion by 2025, registering a CAGR of 134.79% over the forecast period of 2020-2025. The growth in this industry is expected to be positive during the forecast period, owing to the trends of increased urbanization and improved economic outlook across the regions.
  • Growth Notes: Steady growth over past 3 years, continuing to trend upward. All long-term tenants are on steady rental rate increase of 3% per year, but still month to month. Tenants currently pay significantly below market rental rates.
  • Support Training: 4 weeks
  • Year Established: Confidential
  • Financing Terms: To Be Discussed
  • Reason for Selling: Retirement
  • Inventory Included: No
  • Is Franchise No
  • Lender Prequalified No
  • Absentee Owner No
  • Selling Financing? No
  • Is FEE Included? No