Subject to a 99 year land lease at $1 per year. This is your chance to own the Quick Quality Storage facility conveniently located on Carlisle Pike with a fantastic commercial location near Walmart, Target, Best Buy, Aldis, Wegmans, and many other well established businesses. This will be an off-conveyance of a larger property and after subdivision the storage portion will be 1.25-1.5 acres approximately. The storage parcel sits up on a ledge with great visibility just behind the new ModWash. There are currently about 99 units with a total square foot number of roughly 10,150. The owners have done some improvements such as all new roll up doors ($56,006 in 2020) and paint & repairs to the exterior ($10,695 in 2021). With the current rent roll there is an 7.6% Cap Rate and at the current Occupancy Rate (97.3%) a Pro Forma Cap Rate of 15.6% if all in-place rents were modified to the new amount.
Courtesy of: Whitney-Wallace Commercial Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 21st May, 2022 3:13 PM (UTC)