Wednesday, February 29, 2012
Bancap Self Storage Group, Inc. is pleased to present a unique and rare self storage and boat storage investment opportunity located just steps from the Colorado River at the California/ Arizona border. All Seasons Storage in Needles California offers a unique combination of convenient river location, stabilized high occupancy and significant upside potential.
Occupancy at the property is generally in the 90% range, with peak occupancy over 100% during the summer high season. Based on this high seasonal occupancy, it is projected that the purchaser would benefit from increased rental rates and higher income in the coming years.
The property is offered for sale at $2,600,000 on a cash or cash-to-new-loan basis.
All Seasons Storage offers traditional self storage buildings for inside storage of boats, vehicles, business supplies or household goods. The property also has an enclosed large warehouse building used for the storage of boats, personal watercraft, etc.
The City of Needles is located in the Mohave Valley on the western side of the scenic Colorado River in the “tri-state” area that includes portions of California, Arizona and Nevada. The fabled Route 66 also runs through downtown Needles.
The property is well located on North K Street near the bridge crossing over the Colorado River and two launch ramps (Needles Marina & Jack Smith Park.) This street is also known as the Arizona 95 Spur and the Mohave Valley Hwy. and links the City of Needles to the greater trade area which includes Bullhead City, Arizona; Laughlin, Nevada; Kingman, Arizona; Lake Havasu City, Arizona; unincorporated areas of Mohave County, Arizona; unincorporated areas of San Bernardino County, California and the Fort Mohave Indian Reservation.
For more information about the property's amenities, go to their internet site at http://www.allseasonsstorage.net/
To arrange a tour of the property or to obtain additional information,
please contact Dean L. Keller at (949) 888-5355 or via my website at: bancapselfstorage.com