421 Unit Westbrook Mini Storage for Sale

1524 Old Hwy 10 Laurel, MT 59044

1524 Old Hwy 10 , Laurel, MT, 59044
1524 Old Hwy 10 , Laurel, MT, 59044 1524 Old Hwy 10 , Laurel, MT, 59044 1524 Old Hwy 10 , Laurel, MT, 59044 1524 Old Hwy 10 , Laurel, MT, 59044 1524 Old Hwy 10 , Laurel, MT, 59044
FOR SALE
Property Type:
Self Storage
Amount:
$4,300,000
Cap Rate:
5.70%
Last Verified:
Nov 11, 2020

*421 Unit Westbrook Mini Storage for Sale
*For Sale $4,300,000
*5.7% Cap Rate (Based on YTD 2020 P&L)
*90,348 SF of Mini Storage Buildings
*9.606 Acres (once subdivision is complete)
*Zoned Highway Commercial
*Excellent Location Right Off The New West Laurel Interchange
*Highway Visibility
*Buyer Could Build Additional Mini Storage Units On Excess Land
*Significant Upside Potential Via Raising Rents & Adding Buildings

NUMBER/SIZE/PRICE OF UNITS:

1 qty Manager's Office 50x75
1 qty Shop Building 50 x 75 - $530/mo
27 qty 12 x 35 - $160/mo
37 qty 12 x 24 - $85/mo
19 qty 10 x 24 - $80/mo
159 qty 10 x 20 - $75/mo
59 qty 10 x 15 - $65/mo
33 qty 10 x 13 - $60/mo
35 qty 10 x 10 - $55/mo
41 qty 6 x 10 - $50/mo
6 Open Storage - $40/mo
3 qty 24 x 20 - $120/mo

Gross Potential Rent = $381,960
Gross Rent Collected Last 12 Months (Nov 2019 to Oct 2020) = $335,866

Westbrook Storage in Laurel, MT is the ideal mini storage investment for someone who is looking to acquire a mini storage facility with upside potential. With 421 units located on 9.6 acres, there is plenty of room to add additional units. The new West Laurel highway interchange that was just completed also creates additional opportunity for rent increases due to its superior location, easy access & highway visibility.


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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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