Compelling investment opportunity for developers and investors with this established storage facility to enter or expand within the self-storage sector. The property currently operates 50 units that are fully rented, providing immediate cash flow from an existing tenant base. The location is ideal as it is near the California Shoreline of Lake Havasu making the demand for storage high with boaters and offroad enthusiast needing places to store their toys.
What distinguishes this opportunity is the expansion potential already in place. The property has previously received approval for an additional 80 units, which would potentially more than double the current capacity but would still need the proper updated approvals.
The adjacent lot is also available for purchase, offering further development possibilities for those interested in creating a larger storage complex. This additional land provides flexibility for various expansion scenarios depending on market demand and investment strategy.