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Listed by Patrick Staples Turks & Caicos Sotheby's Int'l
$ 4,200,000
Est. payment /mo
Active
WILLIAMS STORAGE 1 & 2 - MECHANICAL DRIVE Providenciales, BC
39,300 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 39,300 sqft
Price per Sqft $106
MLS Listing ID 2500670
Property Description
This is an excellent investment opportunity as an established, turnkey business that provides a practically passive rental income stream via 234 self-storage units ranging in size from 50 sq.ft. to 450 sq.ft. Williams Storage 1&2 is known for its superior location in Industrial park, situated on 4 elevated lots (Lots 108, 109, 110, 111) zoned "Industrial" with excellent drainage and fully paved access on site. The storage buildings themselves are laid out uniformly and are of steel construction with metal roofing and cladding built on concrete slabs and accessed by asphalt driveways. There are 2 climate controlled administration offices and a maintenance unit dedicated to the the daily operations. The business has had an independent valuation (2022) and has financial statements professionally prepared by and accounting firm as well as land recent land surveys showing the locations of the buildings and lot lines. There are numerous opportunities to enhance this business beyond the retail and storage rental revenue, including the potential for solar power generation on each rooftop. This is a rare opportunity to own a substantial and rare Industrial zoned landholding in the strategic and centrally located Industrial Park. Williams Storage 1&2 is a subsidiary of Williams Storage and can be purchased in conjunction with "Shamrock Storage" listed for sale separately under MLS#2500671
Location
State BC
County Providenciales
Community Building And Land
Zoning Industrial
Interior
Heating Electrical, Septic, Telephone
Cooling Split
Exterior
Exterior Feature Lighting, Partially Fenced
View Garden View
Roof Type Metal