Property Highlights & Assumptions:
This 55,510 NSF (47,710 SF storage and 7,800 SF covered RV) facility was built 50% in 1998 and 50% in 2003 on 3.46 acres.
The facility includes 451 units, 20 P.O. Boxes, and a U-Haul operation.
Physical occupancy is approx 88%. Unit occupancy is 88%. Financial or Economical Occupancy is 85%.
With a location adjacent to Mexicali (Population = approx. 1,000,000), many units are rented for the receival and warehouse of products shipped from the US to Mexico. There is also extra income generated ($12,000 - $17,000/yr) from receiving shipments for tenants.
The Seller includes this in the storage income.
The seller purchased this facility in June 2006 for $4,750,000 which included extra land which was later sold for $250,000.
Contact Clifford Crowe for more information!!
- Property Type
Industrial
- Total Building Size
55,510RSF
- Total Acres
3.46
- Property ID
1297742
