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Global Business Brokerage Inc. where you will experience a "World of Difference"
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Industry: COMMERCIAL STORAGE & LAND DEVELOPMENTSegment: STORAGE FACILITY, BUILDINGS, CELL TOWER & 7.71 ACRES OF PRIME COMMERCIAL LANDSORRY - JUST SOLD!!!! Geography: Tampa Bay Area (North of Pinellas County) - "Florida's Beautiful Gulf Coast" These well maintained 5 commercial storage buildings & cell tower are on a very valuable commercial location with additional prime real estate for additional development. County is growing North and in 3 to 5 years this property should be worth 2 to 3 times it's current value! Asking Price: $ 1,800,000 - PRICE JUST REDUCED FROM $2,900,000ASK BROKER FOR CURRENT APPRAISAL - ABOVE ASKING PRICE!! Revenue: $ 210,000 Owner Benefit: $ 140,000 Established 1993 - Same ownership Facility Cell Tower & 5 Buildings consisting of office, and 4 multiple storage units with garage doors for individual entry. There is also another tremendous covered parking structure for large vehicles, such as dump trucks, which make up the tenancy under the covered parking. Chain link/barbed fencing surrounds facility for security (currently serviced by ADT security company with full video surveillance). There are many climate controlled storage units available. Electric gate with push-button access panel for entry. (Listing of storage units and rates charged listed below). Hours Office Hours: 9:00 AM to 5:00 PM - Monday through Friday 9:00 AM to 1:00 PM - Saturday CLOSED SUNDAY Gate Hours: 6:00 AM to 9:00 PM - 7 Days per week Employees Business is currently managed absentee by owner with one employee doing work. STORAGE BUSINESS This is an on-going storage facility business, located on a 7.71 acres of prime growth commercial/industrial land. As economy grows and county grows northward, this land will be worth 2 to 3 times the value of the asking price. In addition, there is revenue generated with a cell tower which is on-going. With the additional land available to build upon, additional storage facilities could be added and the number of units of outside storage, could also be increased. Also, this additional land, could be subdivided or with the increase in burgeoning population, this might someday be a great location for a Wal-Mart, Publix Shopping Center, etc. etc. In order to appreciate this, you need to understand the demographics of the growth and the residential structures for the past three years in this area. It is phenomenal! The infrastructure to support the residential growth (i.e. schools, shopping centers, doctor's/dentist offices, etc.) is the next phase of growth in this area in the next 3 to 5 years. The physical location of this property is right in the middle of the residential expansion. We have an arial photograph which we can send and you can compare to a map for the county for your edification. Ask the Broker. The current owner purchased the property in 1993, all 7.71 acres. The cell tower came first, followed by the pouring of concrete slabs and the construction of 5 buildings. One of the concrete slabs poured was never built upon. Currently, it has RV's and other large vehicles parked on it. With a permit it is also ready for building when desired. Of the 5 original buildings, one is used as office (with additional warehouse space). The other 4 were set up as multiple storage units, with garage doors for individual entry. In 2002, there was another building added, and a tremendous covered parking structure. Large vehicles such as dump trucks, make up the tenancy under the covered parking. The new building is identical to the others in fabrication and color. All buildings are sheet metal exterior and in immaculate condition. There is an extensive fire extinguisher system which is checked every few months to check functioning ability. Building Dimensions are as follows:
** It appears like one building, but the office and this are two separate structures. If you have a photo, it is the most vertical building in the photo on the extreme right. Tower There is a 10 X 20 Block Building with A/C and electric to house the electric lines and all equipment associated with maintenance of this cell phone tower. The tower currently services analogue, 2-way radio signals, but can be rigged to handle a cellular signal of wanted or needed. Security A chain link fence with barbed wire surrounds the facility for security. There is also an electric gate with a push-button access panel for entry. The panel was installed and serviced by ADT, the security company. Some customers have 24 hour access. (These are customers whose day starts particularly early). Most customers have access from 6:00 AM to 9:00 PM. There are security cameras mounted on high perches on the property. There is also a monitor in the office with a four grid viewer. Under the monitor lies a locked, metal box which houses a digital recorder which holds 30 days of recordings. There is also a taped back-up in a different part of the office building. The cameras were $6,000 and the surveillance system cost $2,000. All of this equipment is new. This place is incredibly well-lit at night. All of the halogen lights are perched up on tall poles. The power company actually replaces the bulbs when they burn out. Office The computer is new - a desk-top tower with CD, with fax, copier and a telephone. All have a quality appearance and are clean and spaced well apart. There is also the security monitor and recorder. Nothing else is needed. Income and Expenses By the end of the first year, occupancy was at 95%. Occupancy has never been a problem and has never dipped below 95%. The only advertising done is the yellow pages listing, which makes up most of the monthly cost of the telephone bill. There are a few customers who rent 3 units, but no one customer rents more than 3. The nearest competition is 5 miles away. It should be noted that only half of the property is built-up with buildings. The buildings are concentrated on the north side of the property, leaving at least half of the land undeveloped. This un-developed land is used currently to park cars/trucks/boats and is on the lower half of the property, which is closed to the road scheduled for major expansion. Without upsetting the existing business or any of the current structures, a developer could use the lower half for other commercial building and/or parking. The only customers affected by such a change are paying the smallest amount billed to any customer. Listing of Sizes (307 Total Monthly Spaces) and Monthly Rates for Rental Units, including Tax: Number Unit Size Cost - Non-Climate Control Holds 25 5 X 10 $ 52.00 Extra Furniture & Boxes 25 10 X 10 $ 73.00 12 10 X 15 $ 87.00 10 10 X 20 $107.00 1 10 X 25 $125.00 14 15 X 35/Elect $215.00 Four Bedroom Home Plus Cost - Climate Control 6 10 X 10 $105.00 One Bedroom Apartment 5 10 X 15 $131.00 Two Bedroom Apt. or Home 2 10 X 20 $170.00 Three Bedroom Apt or Home 4 10 X 25 $180.00 Three Bedroom Plus Cost - Outside 129 10 X 20 Parking (Outside) $32.00 (must be 20' or less all inclusive) 60 13 X 40 Parking (Outside) $47.00 (including Tandem Trailers) 10 12 X 40 Parking (Covered) $105.00 (includes water and electric - for refrigerators and small appliances only. (Not for use of heat or A/C) Administration Fee: $10.00 (One-time Fee, Non refundable) They also provide a full line of packing materials and locks. Annual Expenses: Storage Tower Insurance, general liability and fire policies $3,000 $2,500 Computer Billing $ 800 Accountant $6,000 $6,000 Occ License $ 300 Lawn maintenance $3,600 Utilities $7,200 $2,160 Phone (Includes yellow page ad) $1,320 $ 576 Petty cash (pays office expenses) $2,400 ADT (Entry Panel) $1,200 A-1 Communications $3,000 Total Expenses $25,820 $14,236 WITH TOTAL INCOME OF $210,000 WITH AN OWNER BENEFIT OF $140,000 WITH BUYER REPLACING CURRENT EMPLOYEE, PLUS LAND THAT COULD BE DEVELOPED. THIS IS A GREAT OPPORTUNITY FOR THE RIGHT BUYER AND A WONDERFUL INVESTMENT OPPORTUNITY. THIS BUSINESS QUALIFIES FOR (LIKE KIND TRADE) UNDER THE IRS GUIDELINES. THE OWNER WILL CONSIDER SOME FINANCING, DEPENDING UPON THE FINANCIAL STABILITY OF THE BUYER. THIS INVESTMENT OPPORTUNITY WON'T LAST. Viewing: Prospective buyer financial qualification required prior to further disclosure and showing. Disclosure: Global Business Brokerage, Inc. has on file the signature and the Sole and Exclusive Right to Sell Listing Agreement, Equipment List, Lease and Cash Flow Analysis. Information provided herein has been provided by the seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. |
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