AZ SELF-STORAGE

Investment Overview

Recently built in 2023, AZ Self-Storage, is a 33,200 SF secured access facility featuring a fenced 3.35 acres comprised of 169 drive up, ground level units with a desirable unit mix which includes covered RV/Boat Storage. Offered at only $57 PSF, this facility is privately owned yet is operates as if it were institutionally managed. AZ Storage historically operates at 85% occupancy providing solid cash-flow while still leaving upside of +$9,600 in annual rent bumps on existing lower rents plus higher tenant insurance sales revenue. Furthermore, there are other facilities in close proximity operating at 93-100% occupancy meaning that there's additional potential for $13,225 annually. This equates to an achievable 7.8% proforma cap rate and potential for $300K-$350K in value growth potential. Although the property is efficiently managed and operated, the owner pays a Field Rep $4,800 annually to complete overlocks along with site inspections to check on the property because the seller operates other businesses. This expense could be removed if a new buyer already has their own management. This is a great low maintenance cash-flow opportunity that's fully automated and professionally managed.

Investment Highlights

• Built in 2023 with a high demand unit mix.for only $57 PSF!
• Drive up, Ground level storage units.
• Rental upside with rent bumps and occupancy.
• Fully automated for tenants to rent and ownership to operate.
• Fenced with video surveillance and 24 hour access.
• Easy to rent and pay online.
• Located in a centralized high demand hub market with nearby attractions.