Description
Discover an extraordinary investment opportunity on 3.89 acres in the heart of Caldwell. Fully approved 419 enclosed storage units, 3 versatile flex units, and an on-site houseperfect for a manager's residence or office. The diverse unit mix caters to personal, business, and specialty storage needs, ensuring high demand in a rapidly growing area. Based on conservative assumptions, at an 8% cap rate the stabilized value is projected to be around $4.9 million. Under more favorable market conditions (a 6% cap rate), the value could exceed $6.55 million.With all approvals in place, you'll save time and effort, accelerating your path to profitability. Strategically located in Caldwell, a city experiencing robust growth and rising demand for secure, convenient storage, this property offers investors a rare chance to own a high-performing asset.
Directions: On Indiana between Locust & Cherry
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0BEDS
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3.89ACRES
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0BATHS
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01/2 BATHS
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1SQFT
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$2,999,000$/SQFT
School Ratings & Info
Courtesy of Mountain Realty.Description
Discover an extraordinary investment opportunity on 3.89 acres in the heart of Caldwell. Fully approved 419 enclosed storage units, 3 versatile flex units, and an on-site houseperfect for a manager's residence or office. The diverse unit mix caters to personal, business, and specialty storage needs, ensuring high demand in a rapidly growing area. Based on conservative assumptions, at an 8% cap rate the stabilized value is projected to be around $4.9 million. Under more favorable market conditions (a 6% cap rate), the value could exceed $6.55 million.With all approvals in place, you'll save time and effort, accelerating your path to profitability. Strategically located in Caldwell, a city experiencing robust growth and rising demand for secure, convenient storage, this property offers investors a rare chance to own a high-performing asset.
Directions: On Indiana between Locust & Cherry
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