For Sale. Boat-RV-Mini Storage Business

Corpus Christi, TX (Nueces County)

For Sale. Boat-RV-Mini Storage Business

Asking Price:$2,926,270

Cash Flow:$159,912

Gross Revenue:$216,912

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$1,886,467

Established:1982

For Sale. Boat-RV-Mini Storage Business

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Business Description

Rare opportunity to buy a very profitable and expandable turn-key storage facility business with minimal labor and significant population growth in the very sought after south side area of town.

Attached Documents


Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
1
Facilities:
There are currently 340 inside Boat – RV – Mini Storage units, which provides a steady stream of passive income to the owners. In addition, there is room for 60 Outside Storage rental spaces for a total of 400 rentable units. The complex is located on the south side of the city which has robust residential home building growth, and would give the new owner the option of either expanding the number of storage units, or developing the excess land for other uses. ***** PLEASE CLICK ON THE ATTACHED DOCUMENT LINK ABOVE TO DOWNLOAD THE .PDF DOCUMENT FOR MORE DETAILS*****
Competition:
Property includes 11.22 acres. Also included is an approx. 1,900 square foot 3 bedroom, two bath house with attached 2 car garage. Room for additional expansion of larger RV storage units.
Growth & Expansion:
With modest reinvestment and improvement to the property and rental business, new owner would realize an effective cap rate of +12%. The units are currently 93% occupied, mostly by long term customers. There is more than ample room to expand the number of rental units.
Support & Training:
Will train for 3 months at no cost. The owner manages the day to day operation of the Boat/RV rental business.
Reason for Selling:
Owners wish to retire

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Michael Ray

Business Listed By:
Michael Ray

Argus Holdings Group

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Sponsoring Broker:
Adam Stern

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