1003 Commercial Dr - Interstate Self Storage & Moving

Interstate Self Storage is an investment-grade self-storage facility with over 52,000 feet of net leasable feet. With occupancy at 90% and economic occupancy over 100% the property has shown years of successful rent growth and a consistently high occupancy. Originally built in 1985, Interstate Self Storage was expanded 2017 when the owner added an additional building to meet demand.
The facility is made up of 8 self-storage buildings on a paved lot as well as an additional area used to park RVs and other vehicles. Security features include an electric gate with keypad access as well as separate keypad access to the climate-controlled building. The property also features security cameras with an on-site DVR. The property includes an apartment above the office, offering both an additional source of rental income and a valuable perk to offer to employees.
In the last three years the owner has installed new windows, trim and flooring in the office/apartment as well as installing a new HVAC unit. The office and apartment were painted as well and the exterior of the property facing Commercial Drive was updated. The back fence of the facility was replaced as well. Overall the owner has shown a total commitment to regular repairs as well as preventative maintenance, which will help ensure a smooth path from due diligence to closing.