Services - Storage & Warehousing

$Seller Financing Available

Asking Price	$1,295000	Inventory
Gross Income	172,061	Real Estate	1,495,000*
Cash Flow	$119,687	Year Established	1996
FF&E	N/A	Employees	39,294

* included in the asking price

** not included in the asking price

Payless Self Storage is a well-established mini storage warehouse facility with 294 units and 55 outdoor spaces for rent. The units are a variety of sizes. Located on 5.4 acres, there is plenty of room for expansion. Has 24-hour gate access with security lighting. The facility is totally fenced. Seller is motivated because of other business endeavors and wishes to cash out of this investment. Make offer!

Facilities: This mini-storage warehouse facility houses 294 storage units in varying sizes, plus 55 outdoor storage spaces. The complex consists of 14 buildings on 5.4 acres. Facility is 85% occupied with good expansion potential. Fully fenced with security lighting and 24-hour, gate-system access.

Competition: Located in an industrial area across from the International Harvester plant. Good visibility and easy access with high traffic. There are three other comparable facilities within a five-mile radius. However, Payless has best choice of unit sizes and lower rates than any other facility in the area.

Growth/Expansion: This is a mini-storage warehouse facility.

Seller Financing Available: Yes

Financing: Partial Seller Financing Possible

Support/Training: Advertising $20,172; Insurance $1,585; Repairs $9,000; Utilities $3,100; Bank Charges $3,692; Refuse $440; Supplies $2,397; Telephone $720; Office $12,000; Real Estate taxes $17,258.