Independent Self Storarge Facility And 10 Acres
Location: United States -> Alabama -> Bessemer
Industry: Business Services > Other Services
Business Summary
The property is just outside of Birmingham, in Bessemer, AL. The facility is well maintained, clean, with excellent visibility from the 4 lane Super Hwy that it is located on. Clientele is a mix of nearby residence and mobile home park tenants as well as from the US Steel plant within 5 miles, a US Pipe and Fitting plant (which is expanding), and UBA Hospital. There is not a lot of competition in the general area. It just so happens Uncle Bob’s is right next door (The current owner sold property to Uncle Bob before opening up his facility). There is roughly another 8 acres directly behind the current buildings that are well graded and ready for expansion.
There are 156 units that are running at 88% occupancy. The $2M asking price is based upon the current facility plus the additional 8 acres. To the east of the facility there is some city expansion; however, to the west of the facility Bessemer is growing and upgrading. There is a 700 home development under construction within 5 miles and a new mall planned within 4 miles right off the interstate.
The facility is located just off of Interstate 20 and again, is located on a major thorough fare. The property is protected by a gate entrance way that closes at 9 pm. There is a manager on site in a manager’s apartment that is one of the nicer ones we have seen. They currently are using QuikStor software for their management system and QuickBooks for their accounting.
This property is extremely organized and well run and consists of 4 BETCO buildings of approximately 24,000 SF. Contact for more information on this Self Storarge Facility for sale.
Financials
Asking Price Range: $1.0M – $2.5M
Gross Revenues: $173,000
Cash Flow: $134,022
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 2005
Number of Employees: 1 – 3
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: 2 weeks at no additional cost.
Reason For Selling: Owner is retiring.
