Self Storage Business- Eastern Ontario (2)

This is an amazing opportunity to purchase a partially developed
14,000 net rentable square-foot self storage facility on 4.3 acres.
The facility has been masterplanned and approved to add an
additional 14,700 sqft of storage as well as develop an additional
parking area.
It is located in Eastern Ontario and currently is being run by 3 rd
party managers with zero involvement from the current owners. +
110 Non -climate controled units plus 20 sea containers with drive
up accessibility on 3.1+/- acres.
Very low bad debt
100% full with below market rents
High quality construction with very high driveup appeal
Conveniently located near the 401
Current net income (EBITDA) is $113,000 with proforma (at
current market rates) of $151,000.
Note that the current 3 rd party managers make $34,000, and if you
were to be an owner/operator and take over the manager's job,
you could add the $34,000 to your earnings.
Note that the approved expansion will add an additional 14,700
sqft of rentable space and when full would add $196,000 of
additional income and $153,000 of additional EBITDA.

Cash Flow: $113,000