Storage Facility - 70 Units with an Office

[Brandon Michael]

Investment Info:

Other commercial investment investment in Tullahoma.

Purchase price: $663,000
Cash invested: $140,000

70 unit storage facility that needed better management and marketing. It also has a house on the property that we rent out as an office.

What made you interested in investing in this type of deal?

Storage is a great asset class! Managing and marketing can keep your property value up and cashflow coming in.

How did you find this deal and how did you negotiate it?

Found this one on the internet searching for commercial real estate deals.

How did you finance this deal?

A local bank gave us a loan that required 20% down and we have one year interest only period.

How did you add value to the deal?

We added security cameras, pest control & a website that allows tenants to pay online.