Description

Own a high-performing, stabilized storage facility in Northeastern Indiana, just minutes from Michigan and Ohio.  Asking Price: $620,000  Cap Rate: 9%  T12 Net Operating Income: $56,017 (inclues $11,701 management fees to owner) T12 Gross income: $87,643  Net Rentable SF: 11K+  Units: 70+ Occupancy: 75.34% High occupancy, stabilized returns Room for rent increases Strong tri-state market location Tenant mix is strong, rents are under market, and management is already in place.