49 SELF STORAGE UNITS & MIXED USE INVESTMENT

Retail-Commercial for Sale
Catylist Listing ID: 30873052
Property Subtypes: Mixed Use, Street Retail, Other
Building Size (RSF): 11,000 SF
Gross Building Area: See Agent
Gross Land Area: 1.75 Acres
Sale Price: $995,000
Unit Price: $90.45 PSF
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/8/2024

Overview / Comments

Great Investment property with 49 Self Storage Units consisting of two Buildings #1and #2, plus Main Building consisting of retail building with 1,000+/- SF and a large 2-bedroom apartment on the 1st and a large studio apartment on the 2nd Floor. The Main Retail building and 2 bedroom apartment has central air.

Self Storage Building #1 was built in 201 and Self Storage Building #2 was built in 2004. The Main building was built in 1986.

There are 2 sheds on the property. The snowblower in the shed remains with the property.

Owner usually raises the self storage rent in the winter.Self storage rent was raised last year.

All appliances belong to Seller and remain on the property with exception of the washer/dryer in the 2 bedroom unit.

This property has Software Remote - The new Buyer can do everything on the website - there is no need to be at the property. For example you can take payments, can send text messages, can provide renters insurance, etc.
CHECK OUT www.teslaselfstorage.com.

There battery operated cameras around the property and solar lights.

There is a basement below the Main Building for storage for the new Owner plus there is an office in the basement with 1/2 bath and slop sink, a work area and private office which the Seller would like to continue to use for $250.00 per month which includes utilities if new Buyer agrees.

Propane water heater brand new. 3 Propane units serviced by Huckleberry Propane.

The water softener controllers are brand new. Maintenance takes care of water softener once per month.

Also attached is PROJECTED POTENTIAL rent increases which would be ideal to increase these rents in the fall/winter.

Additional Details

Nearest MSA: Laconia
County: Belknap
Taxing Authority: Town of Barnstead
Tax ID/APN: Map: 000002/Lot: 000065
Zoning: COMMERCIAL 301
Retail Clientele: Other
Property Located Between: On Route 28
Property Visibility: Excellent
Feet of Frontage: 360
Highway Access: Corner Route 28 and Watson Road. Minutes to Routes 4 and 202.
Site Description: Large open site
Tenancy: Multiple Tenants
Total Number of Buildings: 3
Property Condition: Average
Year Built: 1986
Year Renovated: 2021
Construction/Siding: Other
Exterior Description: The roof on the Main retail building is Gable, Hip/Asphalt Construction siding is brick, Metal Siding,Woof Frame.
Parking Type: Structure, Surface
Parking Description: There is ample parking on the lot including parking in the self storage units.
Sprinklers: None
Heat Type: Propane
Heat Source: Central, Other
Air Conditioning: Window Unit, Other
Lot Frontage: 360
Water Service: Well
Sewer Type: Septic
Easements Description: See Deed
Land Ownership: Tesla Properties, LLC
Legal Description: See Deed

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,573 11,259
Median Age: 43.13 40.57
Households: 983 4,257

Contact

Photograph of Listing Agent

Wendy E. Keeler

Fairway Real Estate, LLC
NECPE Member
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