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MtShastaB (1)

MtShastaB (1)

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Published by Kathleen Dearinger

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Published by: Kathleen Dearinger on Aug 13, 2010
Copyright:Attribution Non-commercial

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12/18/2010

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11.0% CAP
 14,682 Square Feet
144 Units-Ground Level
 
90% Current Occupancy
 
4 Living/Working Quarters
 
All Metal Construction
 
Expansion Opportunity
 
Many Site Improvements
 Brand New Storage Lockers
 
6101 & 6113 Truck Village DriveMount Shasta CA, 96067
 FOR SALE 
STOR UR STUFF1195000
Represented By
RE/MAXGoleta
 Jason Allen
5654 Calle RealGoleta, CA 93117(805) 964-2662 Fax (805) 964-2660
 
jason4remax@sbcglobal.net
 
This information has been secured from sources we believe to be reliable, but we make no representations or guaranties,Expressed or implied, as to the accuracy of the information. References to square footage or age are approximate.Buyer must verify the information and bears all risk for any inaccuracies.
 
 
PROPERTY DESCRIPTION
Located in beautiful Mount Shasta, Stor UR Stuff offers an excellent opportunity of a
stabilized
 
facility
,
growing market area
,
income growth potential
, and
expansion possibility
.The facility currently consists of 
144 self storage units
, totaling 14,872 net rentable squarefeet. Fourteen of the 144 units were recently added in 2003-2004. Demised into 6 single storymetal buildings, Stor Ur Stuff is situated on 1.7 acres of beautiful scenic property. Just recently,
30brand new self storage lockers
were added to the facility in December and currently rent for $10 per locker. Stor UR Stuff is the only facility in the area to offer locker storage. Access to thefacility is through an electronic gate system (PTI keypad & software system) and there is a threeintercom-speaker system setup connecting the office, gate and main house all together.In addition to the storage facility, there is an
A-Frame home
,
Studio/Office
,
Caretaker’sApartment
and
2 bedroom Mobile Home
. The two story A-Frame home boasts 1,852 square feetand was recently appraised for $385,000. The office and 1 bedroom caretaker’s apartment is 750square feet and could offer the new manager a comfortable place to live and work. The furnished720 square foot studio/office loft sits above an oversized garage. The garage could easily be turnedinto an additional unit. There is also a 2 bedroom, 500 square foot trailer next door to the office, perfect for a handyman or rental. All 4 of these living/working quarters could be rented anywherefrom $35,000-$40,000 per year and could offer the new owner/manager a residence on the property.
 
FUTURE GROWTH / EXPANSION
This owner occupied self storage business offers a great opportunity for future growth anddevelopment. For over 6 years, Stor UR Stuff operated a U-Haul business which generatedanywhere from $24,000 to $30,000 per year. Because of the mass amount of business and notenough staff, the owner unfortunately had to discontinue her U-Haul service. The new owner though could start the U-Haul business once again, as it is already advertised in Stor UR Stuff’syellow page ad, which generates many U-Haul related phone calls daily.Within the facility there is additional room to ad 5-10 extra auto/RV spaces and 10 cargocontainers, adding around $12,000 to the gross income. The owner also sells cargo containers, asthere is always a need for portable storage and is the only one within the area, with an establishedcargo business. The income generated from this business is unlimited.Acquiring the land next store, which is currently listed for $200,000 would enable the newowner to either 
add additional RV storage
(which is needed in this community),
more self storage units, portable storage units or extra area to market cargo container sales
. On the1.77 acres of land is already a 1,260 square foot office and workshop, perfect for the U-Haul business. The land is ready for development and zoned (M-M) for a large/mini storage facility,along with many other uses.
 
 
 
LOCATION DESCRIPTION
 
Located at 6101 & 6113 Truck Village Road in Mount Shasta, Stor UR Stuff is centrallylocated in a growing community with freeway frontage along the I-5. Mount Shasta is located inSiskiyou County at the top of upstate California and is surrounded by pristine mountains, lakes,rivers and majestic forests. It is both 60 miles north of Redding and south of the Oregon border andits sphere of influence extends about 41 square miles.The combination of a
stabilized facility, growing market area
,
income growth potentialand expansion opportunity
make this project highly desirable to the self storage investor.To arrange a tour of the property or to obtain additional information, please
contact Jason Allen at(805) 964-2660
2005 RE/MAX of Goleta.Buyer to conduct own investigation to verify all pertinent data. Broker provides no express or implied warranties whatsoever.This information is provided with the understanding that all negotiations for the property shall be conducted through RE/MAX of Goleta

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