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Self Storage Facility

Business Listed by

Sunbelt Myrtle Beach
Contact: Ken Neathery Phone: (843) 997-9863 Listing ID: MYRTLSC001-N309

Financial Information

Asking Price: NEGOTIABLE Revenue: ON REQUEST Cash Flow: ON REQUEST View Other Financial Details

 

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Greetings from the Sunny Carolina's! Sunbelt Business Brokers is pleased to offer for sale a Beautiful, New and well located Self Storage Facility located in a Brunswick County, North Carolina Beach town just over the state line from Myrtle Beach, South Carolina. It's conveniently located on Highway 17 in Ocean Isle Beach and sits on 7 acres with room for a small retail strip center up front. It is a newly developed property, with upscale construction and safety features. Phase 1 was opened in March of '08, and the property is currently running at around 30% occupancy with more units being rented each week. Plans for Phase 2-4 have already been approved and partially built out so there is plenty of expansion when the need occurs. Currently there are 300 units built in 48,406 sq. ft. and an additional 2 story office building with manager's quarters above. One could certainly be an absentee owner and just leave current manager in place or move your family to the beach and live where you work! The property sits on a 7 acre parcel, has excellent visibility and road frontage on heavily travelled Hwy. 17. It is located in Brunswick County, a beach community that is one of the fastest growing counties in North Carolina. The demographic report shows the area growing at around 5% annually, compared to 1.23% nationwide. This was of course before the slow down but building and other industries are starting to show signs of rebound around here. Because of it's upscale construction and appearance, customers often bypass the competition to rent at this facility. With the already built units ready to fill and all the approved expansion, this offering shows tremendous upside when one considers that this property can be bought for much less than the cost to build just 2 years ago. Our projections show a value of around 10 million once the facility is stabilized. There is a good blend of Climate controlled and non-climate controlled units built with Brick exterior and black wrought iron fencing and gate surrounding the entire project. State of the art 24 hour surveillance and operating U-Haul business. Operating Software is SiteLink( premier operating software and easy to learn). Purchase Price: 2,550,000.00 and is negotiable. Amount owed on the property is 2,400.000.00 so you know it's prices to move. Kindly contact Benjamin V. Ryan at 843-626-8585 (office) or 910-232-0973 (cell) for more information and to receive full investment package. We look forward to working with you on any of your Business Acquisition- Disposition needs in the Myrtle Beach, Hilton Head, Charleston and Savannah markets.

Details

Primary Business Category: Lessors of Miniwarehouses and Self-Storage Units (SIC 73, NAICS 531130)
Location: North Carolina
Reason for Sale: Partnership issues

Company Information

Home Based: No
Franchise: No
Distressed: No
Relocatable: No
Year Established: 2008
Year Acquired: 2008
Number of Employees: Less than 5
Willing to Train: Yes

Financial Information

Asking Price: NEGOTIABLE
Gross Revenue: ON REQUEST
Cash Flow: ON REQUEST
Financing Available: Yes
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