![Building Photo](https://images.loopnet.ca/i2/peI6Xcf-aoQpBNWmGmkzR8Vm7xv2iEwGReijYAy8vRs/112/image.jpg)
1212 Gordon Dr - Value Add Self-Storage Expansion Opportunity
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
![check mark](/modules/sendtofriend/content/images/check_mark.png?v=cc2a5803e2852f082a5e18ad3310e3a3)
Your email has been sent!
1212 Gordon Dr - Value Add Self-Storage Expansion Opportunity
17,800 SF Specialty Building Offered at $4,483,206 CAD at a 5.02% Cap Rate in Kingman, AZ 86409
![1212 Gordon Dr, Kingman, AZ for sale - Building Photo - Image 1 of 8](https://images.loopnet.ca/i2/peI6Xcf-aoQpBNWmGmkzR8Vm7xv2iEwGReijYAy8vRs/110/1212-Gordon-Dr-Kingman-AZ-Building-Photo-1-Large.jpg)
![1212 Gordon Dr, Kingman, AZ for sale - Primary Photo - Image 2 of 8](https://images.loopnet.ca/i2/WXrvSwIja-IutNluwMtTcGZNdhKqb8olimU9LAMIwZM/110/1212-Gordon-Dr-Kingman-AZ-Primary-Photo-2-Large.jpg)
![1212 Gordon Dr, Kingman, AZ for sale - Building Photo - Image 3 of 8](https://images.loopnet.ca/i2/EGNpZGlPYPMH7UIohPOoa4DGipxJTrgGZGdP8_xPN5Q/110/1212-Gordon-Dr-Kingman-AZ-Building-Photo-3-Large.jpg)
Investment Highlights
- Approved Expansion Opportunity
- Cash Flowing Asset
- Strong Historical Occupancy
Executive Summary
Canyon Self Storage is a well maintained, cash flowing asset in the vibrant Kingman market of Northwestern Arizona.
The Value Add opportunity lies in the approved site plan for an additional 10,200 sf of building area. The expansion is made up of a highly desirable unit mix:
Twenty-eight 15x10s
Twenty-five 10x20s.
Ten 10x10s.
In the current facility the the larger units (all 10x20's) are 97% occupied, providing proof of concept that there is a strong demand for the specific unit mix in the site expansion.
Tenant Insurance has also just been implemented, and should steadily increase cashflow for new owner.
The facility overall has a physical occupancy of over 80%.
Currently there are 150 interior drive up units, and 30 RV and Boat parking spaces.
Kingman has a steady and strong population growth of 2.63%, with a current population of 34,918.
Kingman serves as a tourist base Lake Havasu and Lake Mohave, as well as several prominent hiking and camping destinations such as Hualapai Mountain Park.
The Value Add opportunity lies in the approved site plan for an additional 10,200 sf of building area. The expansion is made up of a highly desirable unit mix:
Twenty-eight 15x10s
Twenty-five 10x20s.
Ten 10x10s.
In the current facility the the larger units (all 10x20's) are 97% occupied, providing proof of concept that there is a strong demand for the specific unit mix in the site expansion.
Tenant Insurance has also just been implemented, and should steadily increase cashflow for new owner.
The facility overall has a physical occupancy of over 80%.
Currently there are 150 interior drive up units, and 30 RV and Boat parking spaces.
Kingman has a steady and strong population growth of 2.63%, with a current population of 34,918.
Kingman serves as a tourist base Lake Havasu and Lake Mohave, as well as several prominent hiking and camping destinations such as Hualapai Mountain Park.
Property Facts
Price | $4,483,206 CAD | Building Class | C |
Price Per SF | $252 CAD | Lot Size | 1.59 AC |
Sale Type | Investment | Building Size | 17,800 SF |
Cap Rate | 5.02% | No. Stories | 1 |
Property Type | Specialty | Year Built | 1990 |
Property Subtype | Self-Storage |
Price | $4,483,206 CAD |
Price Per SF | $252 CAD |
Sale Type | Investment |
Cap Rate | 5.02% |
Property Type | Specialty |
Property Subtype | Self-Storage |
Building Class | C |
Lot Size | 1.59 AC |
Building Size | 17,800 SF |
No. Stories | 1 |
Year Built | 1990 |
Amenities
- Signage
1 of 1
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $0 CAD | |
Land Assessment | $0 CAD | Total Assessment | $151,928 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$151,928 CAD
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Pacific States Capital
1212 Gordon Dr - Value Add Self-Storage Expansion Opportunity
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.