Del Norte County, CA Storage Facilities and Warehouses For Sale

A&B Storage
A&B Storage

Crescent City, CA

Sale Notes Starting Bid $300,000 Participation Deposit $5,000 Register Auction Starts 12/11/2017 Auction Ends 12/13/2017 Description for 176 Elk Valley Rd, Crescent City, CA 95531 Property tours are available by appointment. Please contact the broker to schedule. Investment Highlights: • 100% drive-up storage units • Potential rents of $112,212 • In-place income on an annualized basis of $67,750 (based of Feb. 10, 2017 - Sept. 30, 2017 annualized) Investment Overview: A&B Self Storage (The Property) is a fully stabilized operating self-storage opportunity in the quaint Northern California City of Crescent City, CA. With 18,004 rentable square feet in 143 units this facility is consistently 95-100% occupied in a market that includes primarily class B and C competition, all of which are consistently 100% occupied. Crescent City is the county seat of Del Norte County with a county population of 28,610. The A & B Self Storage has a 3-mile population of 14,402 and a 5-mile of 16,472. The majority of the market competition lacks websites and many facilities operate only by phone, with 3 of the 6 facilities called going to an answering machine. A facility would benefit greatly from a modern website with on-line rentals and auto pay features. Additional upside is available thru rental rate increases as rates are moderately below market rents. Auctioneer Licensing Information Ten-X Vibhav Kapila RE Brkr 01994943 Ten-X Auction Surety Bond 106465786


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