Riverside Storage Portfolio

$2,600,000

Key Information

Cap Rate

6.53%

Proforma Cap

7.93%

$ per SF

$27

Lot Size

18.58 Acres

Units

441

Type

Self Storage

Occupancy

80%

NOI

$169,486

Leasable Area

93,054

Highlights

• Seller Financing available with very attractive debt terms for qualified investors
• Extremely low basis – being offered at only $27 per square foot, which is far below replacement cost
• Zero competition – with closest competitors over 8 miles away, there are no competitors for this property within the city of Savanna
• Mom & Pop Operated – currently owner-operated which offers immediate upside through website implementation, online advertising, and improved occupancy
• Very attractive projected cash-on-cash returns at stabilization