Contact Information
Big Storage
Performance Self Storage Group
Self Storage Details
- Price: $925,000
- Listing ID: 112486
- Posted On: Sep 19, 2012
- Updated On: Sep 19, 2012
Description
Located at 474-445 Big Sky Blvd. in Susanville CA, Big Sky Discount self storage consists of 33,435 net rentable square feet demised into 179 self storage units and 10 RV/Boat spaces. Big Sky Discount Self Storage also runs a very successful U-Haul rental center on-site. PSSG is pleased to present this self storage opportunity located in Susanville, California. Listed at $925,000, Big Sky Discount Self Storage offers the self storage investor a great opportunity to purchase a well maintained storage property in an excellent high visibility location, in great condition with assumable financing in place. This self storage investment is offered to the investor for $925,000 cash; cash to a new loan or cash to current loan. Based up on the 2010 annual income and expenses, the property represents a 9% cap rate and 13% pre-tax cash on cash return. There is assumable financing in place subject to lien holder approval. The current balance on the 1st is $674,285 at 6.35%, 30 year amortization that is due in 2012. The current lien holders may be willing to extend the current loan term.
Financial Information
Gross Income: | $160 |
Operating Expense: | $57 |
Expense Ratio: | 35.6 % |