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7306 White House Dr - BT Whitehouse Storage

44,016 SF Specialty Building Offered at $4,650,000 at a 6.67% Cap Rate in Anderson, CA 96007

Investment Highlights

  • Pride of ownership property from long term owner operator
  • 9,000 sq ft approved expansion and room for 15-20 storage containers (20 footers)
  • Stabilized site with real upside (not poof magic happens)
  • Turnkey investment opportunity with property management in place - clip the coupon

Executive Summary

Opportunity to acquire a turnkey pride of ownership property. Long term owner retiring and moving. The site currently has 44,000 square feet of storage, a beautiful residential and studio, an approved 9,000 square foot expansion and room to add 15-20 containers. The site runs Sitelink Web Edition, uses Spiderdoor Gate Access and phone app, Forward Web website with online payments and rentals, and Deans and Homer Tenant protection plan now in place. The online due diligence package is available with the NDA and includes Sitelink reports, trailing 12 month bank account statements, operating statements, certificates of occupancy, and all bills paid.
Site inspections and tours are available anytime, schedule through Mark.
We can support a closing in 2024.
Seller will rent back residence through May 2025.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $327,211 $7.43
Other Income - -
Vacancy Loss - -
Effective Gross Income $327,211 $7.43
Taxes - -
Operating Expenses - -
Total Expenses $123,932 $2.82
Net Operating Income $203,279 $4.62

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $327,211
Annual Per SF $7.43
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $327,211
Annual Per SF $7.43
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $123,932
Annual Per SF $2.82
Net Operating Income
Annual $203,279
Annual Per SF $4.62

Property Facts

Price $4,650,000
Price Per SF $106
Sale Type Investment
Cap Rate 6.67%
Property Type
Specialty
  • Specialty Self Storage
Lot Size 3.28 AC
Building Size 44,016 SF
No. Stories 1
Year Built/Renovated 2001/2019

Amenities

  • Property Manager on Site

zoning

Zoning Code ML
ML
  • Listing ID: 33912938

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 7306 White House Dr, Anderson, CA 96007

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