240 Tule Creek Rd
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240 Tule Creek Rd
6,000 SF Specialty Building Offered at $579,586 CAD at a 7.47% Cap Rate in Hayfork, CA 96041
Investment Highlights
- Investors have the opportunity to acquire an exceptional self-storage asset with high potential cash flow in the heart of California's Trinity County.
- Investors have the opportunity to further increase cashflow through the expansion and development of the parcel's underutilized land.
- Allows property owners to adjust rental rates in response to market demand and operational costs, promoting flexibility and revenue growth.
- The subject property offers investors the potential for remote management through online software and outsourcing call centers.
- 240 Tule Creek Rd also includes a single-family home, offering an opportunity for additional rental income or as a residence of an on site manager.
Executive Summary
Hayfork Mini Storage is an exceptional 30 unit self-storage asset located in the thriving city of Hayfork, California.
The acquisition of this asset will provide an investor with a self-storage facility in an undersupplied local market with strong demographics. Additional upside can be attained through the expansion and development of the parcel's underutilized land.
The subject property features 30 self-storage units, consisting of approximately 6,000 square feet of net rentable space. 240 Tule Creek Rd also includes a single-family home, offering an opportunity for additional rental income or serving as a residence for an onsite leasing manager. The subject property is situated on a large 3.26 acre parcel of land and features one single-story drive-up building with metal construction. Hayfork Mini Storage offers a range of modern amenities, including 24-hour surveillance and a remote access secured gate.
Hayfork Mini Storage presents an ideal investment opportunity for those looking to enter the self-storage market in California. Local storage operators can benefit from economies of scale, while exchange or cross-product buyers will appreciate the stable cash flow and simplified management associated with self-storage. Additionally, local apartment investors may diversify their portfolios and create cross-marketing opportunities between residential and storage properties. Self-storage is not subject to any local or state rent control laws.
The acquisition of this asset will provide an investor with a self-storage facility in an undersupplied local market with strong demographics. Additional upside can be attained through the expansion and development of the parcel's underutilized land.
The subject property features 30 self-storage units, consisting of approximately 6,000 square feet of net rentable space. 240 Tule Creek Rd also includes a single-family home, offering an opportunity for additional rental income or serving as a residence for an onsite leasing manager. The subject property is situated on a large 3.26 acre parcel of land and features one single-story drive-up building with metal construction. Hayfork Mini Storage offers a range of modern amenities, including 24-hour surveillance and a remote access secured gate.
Hayfork Mini Storage presents an ideal investment opportunity for those looking to enter the self-storage market in California. Local storage operators can benefit from economies of scale, while exchange or cross-product buyers will appreciate the stable cash flow and simplified management associated with self-storage. Additionally, local apartment investors may diversify their portfolios and create cross-marketing opportunities between residential and storage properties. Self-storage is not subject to any local or state rent control laws.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $579,586 CAD | Building Class | C |
| Price Per SF | $97 CAD | Lot Size | 3.26 AC |
| Sale Type | Investment | Building Size | 6,000 SF |
| Cap Rate | 7.47% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2015 |
| Property Subtype | Self-Storage | Opportunity Zone |
Yes
|
| Price | $579,586 CAD |
| Price Per SF | $97 CAD |
| Sale Type | Investment |
| Cap Rate | 7.47% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 3.26 AC |
| Building Size | 6,000 SF |
| No. Stories | 1 |
| Year Built | 2015 |
| Opportunity Zone |
Yes |
zoning
| Zoning Code | C |
| C |
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240 Tule Creek Rd
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