Rare opportunity to own storage complex in LHC

[Trent Timothy]

1070 Empire Dr, Lake Havasu City, AZ 86404

www.flexmls.com

Call me for details Trent 928.208.6250

 

[RiverDave]

@LargeOrangeFont here ya go

 

[Activated]

So the seller wouldn’t open it up? Unit sizes? Any of the units leased yet? NOI? Lots of details missing here.

It looks empty in the pictures, assuming you have to market and fill it yourself.

 

[DUNEFLYER]

I would like more info please. Out of town with crappy cell service

 

[HOOTER SLED-]

Fuck yea....just the storage I've been looking for......AND it has a shitter.

 

[4Waters]

Does it have rack storage?

 

[4Waters]

Fuck yea....just the storage I've been looking for......AND it has a shitter.

It's full. LOL

 

[Bobby V]

Fuck yea....just the storage I've been looking for......AND it has a shitter.

When’s the last time your jet boat has left the garage in Corona?

 

[HOOTER SLED-]

When’s the last time your jet boat has left the garage in Corona?

That's my point..... now is my chance...

 

[ChumpChange]

It looks empty in the pictures, assuming you have to market and fill it yourself.

Yeah I only watched the video and then saw the pictures. You quoted me quickly. This isn’t really setup for investor unless they want to concierge it.

 

[Outdrive1]

Yeah I only watched the video and then saw the pictures. You quoted me quickly. This isn’t really setup for investor unless they want to concierge it.

It’s not divided into individual units either. It was meant to be used like a concierge type of storage. A friend of mine owns it. I’ve actually walked it with him.



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[HNL2LHC]

It looks empty in the pictures, assuming you have to market and fill it yourself.

Neighbor to the left might be out growing their space and in need of some storage. :looking:

 

[Joe mama]

So the units are not separated?

 

[Singleton]

If separated, maybe 5k max in rent a month
@ $2M, that’s a 33 years before you break even

 

[4Waters]

If separated, maybe 5k max in rent a month
@ $2M, that’s a 33 years before you break even

That's exactly what I was thinking.

 

[pronstar]

It’s around a 3% cap rate...I wouldn’t buy as an investment, but there are folks in different financial situations who would.


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[78Southwind]

Sweet does the Hummer and Trifecta come with the storage complex?

 

[ChumpChange]

It’s around a 3% cap rate...I wouldn’t buy as an investment, but there are folks in different financial situations who would.

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It definitely wouldn’t be for investment purposes at a 3 cap.

 

[Riverryder]

Sweet does the Hummer and Trifecta come with the storage complex?

Good things this is a boat website so you might not know... but that’s a Jeep! Haha


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[78Southwind]

Good things this is a boat website so you might not know... but that’s a Jeep! Haha


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Even better deal. That's what I get for surfing blind. LOL

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[LargeOrangeFont]

@LargeOrangeFont here ya go

I like it Dave, just no money in that particular play with that particular property.

 

[Trent Timothy]

Guys I just got off with the listing agent of the building they had an offer for $0.50 a foot to rent out the building which the owner turned down because he felt it was low typically storage like this should be renting for 60 to 75 cents per square foot but even at the 50 cents a square foot a 25,000 square foot building would be 12,500 a month now we're talkin about a 7 cap that makes sense.