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Updated over 8 years ago on .
![Jacobus Bor's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/277005/1694719714-avatar-safebox.jpg?twic=v1/output=image/cover=128x128&v=2)
SELF storage conversion
Yes we did it again NUMBER 4 soon to open but loan approved and closed escrow
55000 Sq.Ft in the city of Gelsenkirchen 260 thousand population first safebox self storage
cost of building and land 22 euros per Sq. Ft add 22 euros per Sq.Ft for conversion cost
Located right next to REAL ( Wal mart in USA ) and POCO ( IKEA in USA ) across the street
scheduled income 1.2 million a year 85% occupancy = 1.02 - 400 expenses =602 cash-flow
Safebox has one more we are in negotiation for in city of Kassel which has 200 thousand
population and one self storage . Intersted in investing ??? contact us Safebox-selfstorage.Gmbh
Very safe and secure
Offering