LOGIC Commercial Real Estate is pleased to present the opportunity to acquire Mini Price Self Storage & Retail (the “Property”) located in Las Vegas, NV. The leasehold interest and real property interest are offered at $1,150,000.
The Property represents a rare opportunity to acquire a well-maintained, clean, stabilized self-storage and retail property along the busy Boulder Hwy. corridor of Las Vegas. An acquisition of the facility will provide an investor with immediate cash flow of the self-storage income minus a ground lease payment, and 50% of the retail real property income. At the expiration of the ground lease, the income and expenses shall be split 50/50 and the leasehold interest shall dissolve. Currently, the property is 90% occupied by square footage, and 90% economically occupied.
HIGHLIGHTS:
• UNIQUE OFFERING -
Mini Price Self Storage and Retail presents a rare opportunity to acquire a 50% interest in a self-storage and retail property while realizing all of the self storage income minus the lease until the year 2020.
• IMMEDIATE CASH FLOW WITH UPSIDE POTENTIAL -
The property has been well maintained and has a high physical occupancy. An incoming investor can realize immediate cash flow, and capture upside through management efficiencies, retail reconfiguration, and rental increases.
• COMPETITIVE ADVANTAGE -
Several facilities in the immediate area were over built with minimal street visibility. This property has traffic counts of over 27,000 CPD and has maintained a high historic physical occupancy.
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