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Storage Facility For Sale By Owner
USA Maxi Storage | Class A Storage Facility
3023 Unicorn Road, Bakersfield, California 93308 United States
Description
USA MAXI is a 137,250 Sq. Ft. Large Unit Storage facility in Bakersfield, CA. The property was constructed in 2005 and consist of 119,700 enclosed sq. ft. and 17,550 outdoor sq. ft. The Property is visible from Highway 99 and has a traffic count above 60,000 vehicles per day! The smallest unit size is 15x20; However, the manager receives weekly inquiries for smaller spaces that are referred to neighboring facilities. New owner has the lucrative opportunity to convert vacant units into smaller spaces and increase income.
The property is being offered at a very low price per square foot and comes equipped with an on-site office, managers residence, security cameras, QuikStor software, metal roll up doors, RV dump station, compressed air, filtered water, and concrete paved driveways.
Lowest price per square foot you will find for Class A Storage in California.
MARKETING PACKAGE AVAILABLE UPON REQUEST | Brandon@ParkViewCRE.com
Location Description: Bakersfield is the county seat of Kern County which borders northern Los Angeles County. The city has a population of 363,000 residents making it the 9th largest city in California and 52nd largest city in the United States. The city was founded in 1860 by pioneers mining for gold along the Kern River. Bakersfield is a business friendly city with the lowest sales tax of any major city in California at 7.25%. The City contains two colleges, California State Bakersfield and Bakersfield College. Bakersfield is also home to several minor league professional sports teams such as the Blaze (Baseball), Jam (Basketball), and Condors (Hockey). The city has a variety of venues to host sporting events such as Rabobank Arena, Jams Events Center, Sam Lynn Ballpark, McMurtey Aquatic Center, Famoso Raceway, Bakersfield Speedway, Buttonwillow Raceway, and Kern County Soccer Park (largest soccer facility in California). Bakersfield has a diverse economy with industries ranging from oil, agriculture, natural gas extraction, aerospace, mining, petroleum refining, manufacturing, distribution, and food processing. Bakersfield is the most productive oil producing region in the United States accounting for 10% of the country's gross domestic production. The area is also the 4th most productive agricultural area in the United States.
Business included in Sale? Yes
Income/Expense Info: Actual
Financial: 2015
Gross Income: $723,168
Effective Gross Income: $447,533
Operating Expenses: $141,368
Net Operating Income: $306,164
Pre-Tax Cash Flow: $51,037
Debt Information: Proposed
Loan Amount: $3,825,000
Interest Rate: 4.5 %
Amortized: 25 Years
Due In: 25 Years
Down Payment: Call for price
Price: | $4,625,000 |
Property Sub-Type: | Storage Facility |
Total Building Size: | 119700 SF |
Total Lot Size : | 6.36 Acres |
occupancy: | 80 |
Cap Rate: | 6.55% % |
Utilities: | Electricity/Power is available |
Utilities: | Fenced Yard |
Utilities: | Sprinklers |
Utilities: | Trailer Parking |
Listing ID: | 3824 |
Map of: 3023 Unicorn Road, Bakersfield, California 93308 United States