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Climate Controlled Self Storage

North Versailles, PA (Allegheny County)

Frontview from AcrossBoulevard
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Asking Price: $899,000

Cash Flow: $100,788

Gross Revenue: $130,000

EBITDA: N/A

FF&E: $60,000

Inventory: N/A

Real Estate: $899,000

Established: 2013

Climate Controlled Self Storage

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Business Description

Within 10 miles of Pittsburgh, PA

This 93 unit 100% climate-controlled facility is just 6 years old. Occupancy varies between 85 and 95%. Features include 100% LED lighting some of which are on 24/7 and the rest are motion activated. Units were manufactured by Betco, an industry leader. There is an Open Tech kiosk on site that handles after hours rentals and payments.
There is also a call center by Open Tech that takes calls and forwards an email to the owner summarizing the call and includes clickable links that allows the owner to hear the conversation and/or click the prospect's phone number to follow up if necessary.
Fifteen security cameras offer excellent security. Management software is by industry leader SiteLink, and gate software is by PTI security.
A Move-In truck is included in the sale.
There are 10 unit sizes and there is a 10 foot high overhead door to facilitate indoor unloading. This is a Class A facility and is completely turnkey.
The technology could let you run this facility from another office or remote location since the management software is cloud-based.
An excellent opportunity for a first timer in self storage or to add to an existing portfolio.
Located in a federal Opportunity Zone!

Detailed Information

Location:
North Versailles, PA
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
12,000
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
12,000 square foot building 14 space asphalt parking lot 93 climate-controlled self storage units, convertible to 99 units 10 unit sizes One ton dual wheeled long wheelbase Sprinter Van 15 security cameras that can be accessed remotely through an app State of the art cloud-based management software Kiosk for rentals or connection to call center via Skype
Competition:
There are no climate-controlled spaces within a 4 mile radius. Local market leader is Guardian Storage
Growth & Expansion:
There is a 60 acre lot across the street which is the former location of Eastland Mall. There is local speculation about re-development of the site. There is an available property next door that could triple the size of the facility if developed. Verbal approval was obtained for the project before decision to sell was reached.
Support & Training:
Training for new owner is negotiable, if required
Reason for Selling:
Move proceeds via 1031 exchange to Florida properties.
Business Website:
http://www.EastlandStorage.com
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Business Listed By:
Greg Michaels

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