Location
Agent Comments
42 mini storage units, 4200 sq.ft. warehouse under lease and 6400 sq.ft. retail or flex space currently available for lease. City water and sewer but located just outside of town. Mini-storage is gated and secure. 2 existing curbs cuts onto Rt. 113/Dupont Highway. Great exposure, visibility and access. Current income is $53,591. Potential income is $148,357 (11% CAP Rate).
Owner does not market the mini-storage and current vacancy is about 40%. The 6600 sq.ft. flex/retail building could be converted to climate controlled mini-storage. Estimated rental rate as is would be $10.50 +/- per sq.ft. If renovated/updated, this rate would be more in the $12 -$14 range depending on the level of finish.
Interior Features
- Cool System: Other
- Heat System: 90% Forced Air
Exterior Features
- Parking: 30
- Roof: Metal
Additional Features
- New Construction: N
- County: SUSSEX
- Property Type: Day Care Facility,Garden Center,Professional,Religious Facility,Storage
- Waterfront Features: Electric
- Water View: N
- Water/Sewer: Public Sewer, Grinder Pump
- Year Built: 9999
