Self
Storage Mini Warehouse, South Baldwin County
South Baldwin, Alabama
Financials
Asking: $235,000
Included in the Asking Price:
Real Estate Value: $210,000
Gross: $20,400
Cash Flow: $16,454
Summary Description
This profitable mini warehouse business is located in a fast growing area of
South Baldwin County. The operation shows a positive cash flow with a semi
absentee owner. There is lots of room for improvement, as only 28 of the 54
units are rented. The owner moved out of the immediate area several years ago
and has done no advertising or marketing of the units since. An involved owner
with marketing savvy could turn this business into a higher occupancy operation
and enjoy improved cash flow while the property appreciates in this rapidly
developing area. Invest in this business and live near the Gulf Coast with
sugar white beaches, clear blue water, championship golf, world class fishing,
an excellent educational system, outstanding dining and shopping, one of the
strongest local economies in America and many points of local interest. (The
real estate portion of this business listing is represented by Lanier Chew, a
licensed commercial real estate broker.)
General Information
Year Established: 1992
Employees: 0
Facilities: This business is a mini warehouse storage operation with 54
units on a main highway frontage lot of 120 feet by 220 feet deep. The
operation has sixteen 10X10 units and twelve 10X20 units. The property is
enclosed by a chain link fence. The first units were built in 1992 and the last
units in 2006.
Market Outlook
Growth and Expansion: Moody s Research Group recently predicted that the
Mobile / Baldwin economy would have the fastest growth rate over the next five
years of all 363 metro areas in America! Additionally, The Baldwin County
market was recently ranked by Policom, a firm that studies local markets, as
the 11th strongest micropolitan economy in America and the number one local
market in the 6 state region! This is out of the 674 local markets studied by
Policom. It s an exciting time to be on the Alabama Gulf Coast.
About the Sale
Support/Training: The seller will fully train a new owner in all aspects
of the business.
Reason Selling: Geographic divestment.
Contact Information
William Bruce
Sunbelt Business Brokers
Phone: 251.990.5910
Write: