Cornerstone Storage serves the rapidly growing community of Fruita with 12,785 rentable square feet from 96 units of self storage, 640 rentable square feet from 3 units within two shipping containers, and 30 rentable RV parking spots. In addition to the fenced and gated RV parking this facility is secured and monitored by Five security cameras. The high density residential neighborhood surrounding this property provides consistent close proximity clientele. Strong rental rates and consistently high unit occupancy has served Cornerstone Storage well. However this investment opportunity leaves room for income growth through increasing discounted leases from friends and family rates, potentially adding more shipping containers to rent, and updating revenue and expense management. The NOI is $66,331 Proforma through 2019 based on YTD figures which is a 7.8% Cap Rate.
|Days On Site||14|