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Great Investment Opportunity
Newer Storage Units
Great Private Location
Fenced In with Security Camera
Entry Gate with Code
Lights for night
28 10’x28’ Units Current Rent at Listing: $65.00
8 10’x10’ Units Current Rent at Listing $40
Seller will be doing a 1031 Exchange
Seller will do a Legal Description for the Storage Units for new Buyer at closing
Located at 1364 E. College Drive Colby, Kansas
Thinking About Joining the Self-Storage Industry?
There is a huge boom in the industry at this time on storage units. Self-Storage can be recession resistant. The national demand is steady, with 9.4% of households currently renting self-storage units. (Forbes)
Self-storage units have a strong track record of a high return on investment for most facilities. (Forbes) States from 2009- to 2018, self-storage facilities averaged an annual ROI of 16.9%.
Ease of maintenance, another bonus is that self-storage facilities come with less maintenance compared to other real estate investments. Less management of day-to-day operations. There are software programs now to assist with the day-to-day operations of your property from anywhere.
Seven Reasons People are Using Self-Storage:
1. Free up home space
2. To store a loved one’s possessions.
3. Extra space for businesses
4. Moving
5. Off season storage
6. Dorm room storage
7. During a remodel.
There is always a high demand for storage units and there is very low overhead. The tax benefits are there with accelerated depreciation.
Contact, Molly with BigIron Realty today and visit about these newly listed storage units. It makes sense to diversify and put funds in real estate. 785 -462-5203
Location
Terms
Please see each Lot for specific terms.