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1550-1560 Rue Michelin - Entreposage Laval / Entreposage Laurentides
126,678 SF Specialty Building Offered at $16,937,436 USD at a 7.30% Cap Rate in Laval, QC H7L 4R3
PROPERTY FACTS
| Price | $16,937,436 USD | Property Subtype | Self-Storage |
| Price Per SF | $134 USD | Lot Size | 6.16 AC |
| Sale Type | Investment or Owner User | Building Size | 126,678 SF |
| Cap Rate | 7.30% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 1985 |
| Property Type | Specialty | No. Drive In / Grade-Level Doors | 6 |
| Price | $16,937,436 USD |
| Price Per SF | $134 USD |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.30% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Lot Size | 6.16 AC |
| Building Size | 126,678 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| No. Drive In / Grade-Level Doors | 6 |
ABOUT 1550-1560 RUE MICHELIN , LAVAL, QC H7L 4R3
Embrace the exclusive chance to acquire an entire thriving family-run enterprise, encompassing six properties, equipment, and everything essential for operating a prosperous self-storage business. Seize the opportunity presented by this business's consistently low vacancy rate, expansion opportunities, prime locations, and remarkable name and brand recognition. Instances to enter the self-storage industry with such favourable conditions are rare. Feel free to reach out today with any inquiries. Introducing a distinctive opportunity brought to you by Berkshire Hathaway's self storage specialists. We are thrilled to present a unique portfolio sale, featuring a semi commercial/storage site and five self-storage facilities. This exclusive offering encompasses a strategic blend of prime locations, equipped with everything necessary for a thriving self-storage business, and a proven track record of success. Explore this unparalleled chance to elevate your investment portfolio with us. The Business's main attractions: - 1-3% historical vacancy - Capacity to sustain organic rent increase - Close to commercial services and residential areas with easy access to highways - Strong branding - SEO - Domain names: ENTREPOSAGE LAVAL and ENTREPOSAGE LAURENTIDES - Environmental Studies + Engineer Reports Available - Prime locations - Possibility to expand 4 locations* FINANCIAL INFORMATION $ 2 091 633 Current annual gross revenue $ 347 740 Current total annual OPEX $ NOI of 1 744 000 ** These figures do not include the mortgage payments on the loan ** * There is currently an opportunity to take over a loan from the company at a 5.21% interest rate, which is locked in until May 2027.
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1550-1560 Rue Michelin - Entreposage Laval / Entreposage Laurentides
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