120 Self Storage Units

Madison, AL (Madison County)

Seller Financing Available
120 Self Storage Units

Asking Price:$425,000

Cash Flow:$20,000

Gross Revenue:N/A

EBITDA:N/A

FF&E:$2,500

Inventory:N/A

Real Estate:$250,000

Established:1995

120 Self Storage Units

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Business Description

120 units on 1.41 acres with 3 mini-storage buildings (19,000 sf) built in 1995-2000. Gravel Drive with Concrete Curbs. Located on busy 2 lane road nearby Wal-Mart Market, Texaco Station, Dollar General, Fred’s Discount Market with 20 to 25 subdivisions within 5-mile radius. Less than 2 miles from Highway 72.

Fenced with auto gate and auto key pad entry. No manager office on site or security cameras. 4’ x 8’ Sign on adjacent ½ acre lot.

Adjacent 0.59 acre is available for $75,000 which would allow for 2 more buildings (80 more units), UHaul Rentals, Portable Storage Units, or RV/Boat/Commercial Equipment Storage!

Total Gross at 100% occupied would generate $7,000 +/month. This is not current owner's primary business so he has not invested time in advertising, marketing, sales, debt collection, etc. Just needs dedicated owner to get occupancy levels up!

Contact Shannon Cathey at Shannon@Prime100BB.com or 256-289-1564 for more information.

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
19,000
Employees:
Owner
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3 Mini storage buildings. Growing area with numerous subdivisions around. Across the street from Wal-Mart Market, Family Dollar, and Fred's. Seller’s Valuation: 3 buildings: $300,000 Costs for fence and gate, concrete curbs, gravels: $15,000 1.41 acres: $250,000
Growth & Expansion:
Excellent. Fast growing area with at least 25 subdivisions within 5 mile radius. Needs full time owner that can implement marketing, website, advertising, and sales program in addition to debt collection. Also adding truck rentals would be great additional revenue stream!
Support & Training:
Yes
Reason for Selling:
Downsizing Business Portfolio

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Shannon Cathey

Business Listed By:
Shannon Cathey

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