Park Street Mini Storage on Freeway Visable C-3 Commercial Parcel

$524,000
Chris Bausch
805-237-6212

Park Street Mini Storage on Freeway visable C-3 Commercial Parcel
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Currently operated as a 60 unit (+2 parking stalls) mini-storage business in an area dominated by multifamily and commercial units. Current 94% full, rates are said to be below market with many units occupied by long term tenants. Recent apartment construction and future growth planned in immediate vicinity. Many other potential uses for site or simply operate existing mini storage business with minimal oversight. Business could be operated from owner's remote location. Financials available with qualified offer. Appointment necessary for gate access. C-3 Zoning, Nearly 200 ft of Hwy 101 visability--near the main Southbound 101 offramp to Spring Street. Great potential in using this freeway visable land for other purposes allowed under C-3 Zoning. No Real Estate Sign as per seller.

Facilities: Purchase price includes all land, buildings, electronic gate, drop box. The site is zoned C-3 and so it will accomodate a wide variety of uses. There is approximately 200 ft of freeway visability. Excellent value just in the land.

Competition: Business enjoys a 92-95% occupancy year round. At owner's discretion, business can be operated from a remote site with only nominal on site presence required. Excellent part time business with good return. Excellent freeway visabilty from Hwy 101.

Growth/Expansion: Moving supplies such as boxes, tape and locks. Move In/Move Out services could also increase revenue. C-3 Zoning allows for a wide variety of uses. Check with the City Planning Dept.

Financing: Seller may consider pending acceptable offer

Support/Training: Simple business to learn. Most activity occurs during first week of the month. Seller will be available then and by phone for a limited time thereafter.

Reason Selling: To pursue additional professional opportunities.




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