DEAL SUMMARY

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List Price:     $2,100,000

NRSF:          43,480

Total Units:   165

Acres:          6.649

Expansion Opportunity​​

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INVESTMENT SUMMARY

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PRIME LOCATION // Located just off Hwy 47 with

vehicle counts around 5,300 per day. Marquee lighted

sign on Hwy 47.

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INCOME OPPORTUNITY // Opportunity Current

occupancy by square footage is over 90%, giving the

opportunity to start raising advertised rents, as well

as stabilizing the economic occupancy as well. There

is also an opportunity to improve on the tenant

protection penetration, further improving the cash

flow of the asset.

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OPERATIONS // Current ownership has put systems

in place to make the site remote managed, allowing a

new owner to come in and focus on the SEO /

marketing, to keep the brand top of mind, allowing

the increase in rental rates. The site has been very

well maintained, allowing to keep the Capx and

maintenance down on the property.

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EXPANSION OPPORTUNITY // There is opportunity

to expand on the rear side of the lot, offering the

possibility of constructing two more buildings, which

would add roughly 20,000 net rentable square feet.

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