$1,140,000
Redding, CA 96001
MLS# 15-3735
Status: Closed
29696 sqft
1 / 24
Property Description
PRICE REDUCED! RARE OPPORTUNITY TO OWN A FIRST CLASS BOAT & STORAGE FACILITY AS AN INVESTMENT OR AN OWNER OPERATOR. THE FACILITY WAS BUILT IN 2006 AND IS IN GREAT CONDITION. 172 UNITS 95% OCCUPIED. ESTIMATED INCOME FOR 2015 $83,700, 6.9% CAP RATE (WITH MANAGER ON SITE), POTENTIAL INCOME WITH OWNER OPERATED $100,500, 8.3% CAP RATE. 100% OCCUAPNCY WOULD GENERATE NET INCOME$114,900. BIG MONEY MAKER!
Details
Maps
Address Information
Cross Street: Kenyon/ HWY 273
Street Number: 5060
Street Name: WESTSIDE RD
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
List Price: 1199950
Parcel Number: 049-100-034
Lot Dim or Acres: 2.25
Sq Ft - Building: 29696
Sq Ft - Lot: 98010
GP Zone: AND C-1 - General Commercial
Zoning: AND - C-1 - General Commercial
Year Built Desc: 06-10 Years
Current Price: $1,140,000
Area: 04 - SW Redding
Year Built: 2006
Remarks
Public Remarks: PRICE REDUCED! RARE OPPORTUNITY TO OWN A FIRST CLASS BOAT & STORAGE FACILITY AS AN INVESTMENT OR AN OWNER OPERATOR. THE FACILITY WAS BUILT IN 2006 AND IS IN GREAT CONDITION.
172 UNITS 95% OCCUPIED. ESTIMATED INCOME FOR 2015 $83,700, 6.9% CAP RATE (WITH MANAGER ON SITE), POTENTIAL INCOME WITH OWNER OPERATED $100,500, 8.3% CAP RATE.
100% OCCUAPNCY WOULD GENERATE NET INCOME$114,900. BIG MONEY MAKER!
Directions: From 273 turn on Kenyon Drive, first Left into Westside Road, Storage Facility will be on your Right. Located next to 'Carpet One' and 'A-1 Appliances'.
Business Type
Mini Storage: 1
Present Use
Mini Storage: 1
Exterior
Stucco: 1
Roof
Metal: 1
Floors
Concrete: 1
Parking
Off Street: 1
Private: 1
Sale Inclusions
Business: 1
Equipment: 1
Inventory: 1
Land: 1
Trade Fixtures: 1
Miscellaneous
Burglar Alarm: 1
Signage: 1
Available Terms
All Cash to Seller: 1
Cash: 1
Cash to New Loan: 1
Owner May Carry: 1
Expense Data Source
Books: 1
Broker Estimate: 1
Owner Actual: 1
Possession
Close of Escrow: 1
Selling Terms
Cash: 1
Financial Info
Complete Package: Yes
Contract Information
Status: Closed
Sold Date: 2015-10-08
Under Contract Date: 2015-08-19
Sold Price: $1,140,000
List Date: 2015-07-23
Property Features
Business Type: Mini Storage
Present Use: Mini Storage
Parking: Off Street; Private
Sale Inclusions: Business; Equipment; Inventory; Land; Trade Fixtures
Exterior: Stucco
Roof: Metal
Expense Data Source: Books; Broker Estimate; Owner Actual
Floors: Concrete
Miscellaneous: Burglar Alarm; Signage
Available Terms: All Cash to Seller; Cash; Cash to New Loan; Owner May Carry
Possession: Close of Escrow
Selling Terms: Cash
Supplements
THE NEW OWNER WOULD BE RECEIVING AN EXTRA $14,400 ANNUALLY (100% OCCUPANCY) IF ALL THE UNITS THAT ARE CURRENTLY UNAVAILABLE WERE FILLED UP (OWNER IS USING THOSE TO STORE PERSONAL BELONGING) .
THE FACILITY HAS SECURITY CAMERAS, INSULATED CEILINGS, KEYPAD ENTRY AND AN OFFICE WITH ANOTHER ROOM AND A BATHROOM THAT COULD HAVE SHOWER INSTALLED (PLUMBING IS ALREADY THERE) SO YOU CAN POSSIBLY LIVE THERE AND MANAGE THE FACILITY YOURSELF.
SEE WEBSITE www.shastaboatandministorage.com
IDX
Listing Office: Next Move Realty
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.