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133-unit Self Storage Property
Eastern North Carolina
Self Storage Properties Property #pminis 11:54:08
Self Storage Properties Property:
Self Storage. 133 units
State Located: Eastern North Carolina
Type of Facility: Self Storage
Units: There are 133 units
Expandable?: Expandable to 640 units
Current Monthly Rents: 5
x 10 renting for 30 per month
10 x 10 renting for 40 per month
10 x 20 renting for 65 per month
10 x 30 renting for 95 per month
Roads: Interior roads and parking stalls
are Graveled
Management: The park is managed by
Property Manager
Land Area: 4.81 acres
Price: $985,000
NOI (Current): $105,000
NOI (Potential): 120,000
Owner-Financing: . Owner will carry
$385,000for 15 years at 8 interest
Financing Obligations:
Loan is Non-Recourse.
Original Loan Amount: $450,000
Interest Rate: 7.5%
Amortized Over 10 years, due in 5 years.
Annual Debt Service: $55,000
Annual Cash Flow: $105000
Loan is Not Assumable
Year Built: 1989
Property Condition: Value added
through redevelopment, rehab, management turnaround, releasing, expansion or retrofitting
Facility Ameneties & Highlights:
Extremely Clean and Tidy
Excellent Location
Security Fenced
Restrooms
Year-Round Facility
Manager's Office
Security Gate
Boat Storage
RV / Camper Storage
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sources believed to be reliable. While we do not
doubt the accuracy of these Self Storage Properties, we have not verified it and make no
guarantee, warranty or representation
about the accuracy or completeness of the Self Storage Properties information. As a Self Storage
Properties buyer, it is your responsibility to
independently confirm the accuracy and completeness. Any projections, opinions, assumptions or
estimates used
are for example only and do not represent the current or future performance of the Self Storage
Properties. The value of these
Self Storage Properties to you depend on factors which should be evaluated by your tax, financial
and legal advisors. You and
your advisors should conduct a careful, independent investigation of these Self Storage Properties
to determine to your
satisfaction the suitability of the property for your needs. By requesting further information,
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