Property details

New York Storage Property For Sale, Northeast Region

Property Description

New York Storage Property For Sale

Upstate New York

OFF MARKET

1,200+/- SELF STORAGE UNITS PLUS 8-10 OFFICES

Plus APPROVED PLANS TO BUILD COMMERCIAL BUILDING

FOR SALE:

$25,000,000 ALL CASH SELLER’S REQUIRED PRICE

$1,200,000 NOI

5% CAP RATE

Description: 1,200+/- Self Storage Units plus 8-10 Retail Units on 16.7 Acres. Approved plans to build commercial/retail facility.

223,000+/- SQ. FT.

ONLY $112 PER SQUARE FOOT!!!

85% Occupied

2020 Rental Income
Effective Gross Income: 1,900,000

NOI: 1,200,000

Cap Rate: 4.80%

GRM: 13.16x

Projected Annual Income

Effective Gross Income: 2,216,229

NOI: 1,409,109

Cap Rate: 5.65%

HIGHLIGHTS
Approved plans to build Commercial/Retail Facility.

Additional leased pad site is zoned for Future Commercial Development if Buyer wishes to develop.



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Highlights

Status:
Available
Price:
$25,000,000
Cap Rate:
4.80%
Annual Rent:
$1,200,000
 

Property Information

Property Type:
Storage Properties
Industry Type:
Self Storage - Mini Storage
Units/Spaces:
1200
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.