Bank Owned Storage Facility For Sale, Southeast Region

Property Description

Bank Owned Storage Facility For Sale

This is a Private, Confidential and Off-Market Offering. This property is quietly being offered and is not being widely marketed on commonly used large listing services.

Losing out on properties as fast as you see them? Tip: Shoot first, then aim later. If a property hits most of your high points, move to lock it up first with our Non-Binding Letter of Intent ("LOI") rather than over-analyzing then losing the property when ready to pull the trigger. Email or call us at (800) 664-1031 to request that we send you our buyer-friendly LOI.

• Priced at $2.2 million range.

• There is a management group that has been managing the property for the past 3-4 months and are improving the numbers.

• The property is not on the market and has never been marketed.

• We can get you more numbers.

• The bank will price this property at $2.2 Million. The property has 66,360 sq ft. of which 50,880 are climate controlled with the remainder non-climate.

• The units sit on 10.61 acres with what looks to be a couple of acres of room for additonal units.

• The property's previous owner mismanaged his business.

• The bank has a management company out of Memphis that has been running the storage facility since Oct 2011 and is starting to turn the business around.

• The numbers do not look good, but should improve with correct management.

• We encourage any offer because this bank has sold some of their properties recently for a lot less than what they priced them at.

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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.