Self-Storage and Flex-Space For Sale

Industrial for Sale
Sale Pending
Catylist Listing ID: 30750097
Property Subtypes: Flex Space, Free-Standing, Light Industrial, Self Storage, Warehouse/Distribution
Status: Pending
Building Size (RSF): 16,600 SF
Gross Land Area: 46,175 SF
Sale Price: $795,000
Unit Price: $47.89 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Usable Size (USF): 16,600 SF
Sale Terms: Cash to Seller
Cap Rate: 6.7%
Average Occupancy Rate: 100
Last Updated: 9/2/2021

Overview / Comments

This is an awesome investment property that is 100% occupied with a 6.7% CAP rate. The development includes four buildings. Some units are used for storage. Other spaces are occupied as offices and warehouses for businesses. The four buildings total 17,600 sf of rentable space. Each building has the potential for eight units, but many tenants have leased multiple spaces. There are currently 15 tenants.

Additional Details

Nearest MSA: North Platte
County: Red Willow
Taxing Authority: Red Willow County
Tax ID/APN: 000930100
Zoning: HC – HIGHWAY COMMERCIAL
Site Description: This is a level site located just east of US 81 in a transitional area between highway businesses and a residential area. The site consists of four buildings with a packed gravel driveway and parking.
Tenancy: Multiple Tenants
Total Number of Buildings: 4
Number of Stories: 1
Typical SF / Floor: 4,800 SF
Property Condition: Good
Year Built: 2010
Roof Type: Gable
Construction/Siding: Metal Siding, Steel Frame
Exterior Description: Metal siding on steel frame buildings.
Parking Type: Surface
Parking Description: Surface, gravel parking
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 0 3 29 FIRST BISON ADDITION MCCOOK REPLAT #2 BLK 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,453 7,512 9,390
Median Age: 40.2 39.95 40.4
Households: 1,452 3,153 3,945

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