19704 Bloss Ave - The Vault Storage Space
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19704 Bloss Ave - The Vault Storage Space
43,220 SF Specialty Building Offered at $4,750,000 at a 8% Cap Rate in Hilmar, CA 95324
Executive Summary
Come view this brand new built storage facility. This facility isn't missing anything. Great opportunity with lots of potential.
Here is the breakdown of facility:
12 Units @ 14 x 60 = 840 sq feet rent is $600/month = $7,200/month
26 Units @ 15 x 30 = 450 sq feet rent is $325/month = $8,450/month
10 Units @ 15 x 40 = 600 sq feet rent is $400/month = $4,000/month
36 units @ 11 x 20 = 220 sq feet rent is 160/month = $5,760/month
18 units @ 12 x 20 = 240 sq feet rent is $175/month = $3,150/month
8 units @ 20 x 20 = 400 sq feet rent is $300/month = $2,400/month
If all 110 units are rented at these rates, the monthly revenue would be $31,160. If all rates were cut 20% from these levels to fill it faster, the monthly revenue would be approx. $31,650. Current occupancy is 15 units ....... about $6,000 per month.
Current owner utilizes some storage for their adjacent business that is not charged as a rental. Current owner will have interest in some storage space if it is sold. However, if you rent out the office building instead of personally occupying, you can generate more monthly income.
Office Footprint is 40W x 70L with the office space occupying 40W x 40L and adjacent warehouse space that is 40W x 30L. The office space is 2 stories - upstairs space is finished and can be rented out to other business or utilized by administrative staff of the facility.
This is a "MUST SEE" to visualize the potential! Schedule your appointment today!!!!
For more information, you may contact Patrick at 209-417-7518
Here is the breakdown of facility:
12 Units @ 14 x 60 = 840 sq feet rent is $600/month = $7,200/month
26 Units @ 15 x 30 = 450 sq feet rent is $325/month = $8,450/month
10 Units @ 15 x 40 = 600 sq feet rent is $400/month = $4,000/month
36 units @ 11 x 20 = 220 sq feet rent is 160/month = $5,760/month
18 units @ 12 x 20 = 240 sq feet rent is $175/month = $3,150/month
8 units @ 20 x 20 = 400 sq feet rent is $300/month = $2,400/month
If all 110 units are rented at these rates, the monthly revenue would be $31,160. If all rates were cut 20% from these levels to fill it faster, the monthly revenue would be approx. $31,650. Current occupancy is 15 units ....... about $6,000 per month.
Current owner utilizes some storage for their adjacent business that is not charged as a rental. Current owner will have interest in some storage space if it is sold. However, if you rent out the office building instead of personally occupying, you can generate more monthly income.
Office Footprint is 40W x 70L with the office space occupying 40W x 40L and adjacent warehouse space that is 40W x 30L. The office space is 2 stories - upstairs space is finished and can be rented out to other business or utilized by administrative staff of the facility.
This is a "MUST SEE" to visualize the potential! Schedule your appointment today!!!!
For more information, you may contact Patrick at 209-417-7518
Property Facts
| Price | $4,750,000 | Building Class | B |
| Price Per SF | $110 | Lot Size | 2.85 AC |
| Sale Type | Investment | Building Size | 43,220 SF |
| Cap Rate | 8% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Property Subtype | Self-Storage |
| Price | $4,750,000 |
| Price Per SF | $110 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 2.85 AC |
| Building Size | 43,220 SF |
| No. Stories | 1 |
| Year Built | 2023 |
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PROPERTY TAXES
| Parcel Number | 015-100-008 | Improvements Assessment | $2,779,244 |
| Land Assessment | $713,797 | Total Assessment | $3,493,041 |
PROPERTY TAXES
Parcel Number
015-100-008
Land Assessment
$713,797
Improvements Assessment
$2,779,244
Total Assessment
$3,493,041
zoning
| Zoning Code | M1 |
| M1 |
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19704 Bloss Ave - The Vault Storage Space
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