Find a Lake Havasu Storage Facility for Sale
Buying a storage facility for sale in Lake Havasu City can be a great investment opportunity. With Lake Havasu’s growing population, the demand for storage space is also growing. These businesses can also be particularly lucrative with proper management.
Randy Shuffler and his team are ready to be your guides to the local storage facility market. We can do more than help you find Lake Havasu storage facilities for sale. Randy is an expert CRE advisor offering strategic support and market analysis services. Our team can also help you negotiate the best deal, close sales, and more.
Benefits of Storage Facility for Sale in Lake Havasu
Lake Havasu City can be a prime location for investment in storage facilities. The following are some benefits of buying Lake Havasu storage facilities:
Increasing Demand: Lake Havasu City is experiencing population growth that is higher than the national average. As the population grows, demand will increase.
Stable Income: Storage facilities generate income by charging tenants monthly rent for the units. The rent results in income that is both stable and predictable..
Part-Time Residents: The Lake Havasu area has a lot of part-time residents. These people own homes here but are only in Lake Havasu for a few weeks or months a year. Many of these people need storage when they are not in Lake Havasu.
Low Maintenance: Storage facilities are low maintenance compared to other commercial properties. However, maintenance costs can vary depending on the type of facility and its features.
Appreciation Potential: These are tangible assets with appreciation potential. Along with property appreciation, a well-run storage business can also grow in value.
Factors to Consider When Buying Storage Facilities
While a Lake Havasu storage facility for sale can be a good investment, there is a lot to consider. The following are factors to assess when investing in storage facilities in Lake Havasu City:
Location: Like any investment property, location matters. Assess the location of the facility and factors like visibility and accessibility.
Facility Type: Investors could buy various types of storage facilities. Standard self-storage with lockable units is popular. However, you also have options like car storage, boat storage, commercial storage, and more.
Condition: Investors should also consider the age and condition of the property. Check out the various buildings and structures on the property and amenities.
Income: Investigate the financial records to assess the facility’s income. Beyond rent, consider other forms of income.
Occupancy Rate: The occupancy rate is another critical consideration. Assess how many units are vacant and how much of the year they are full.
Expansion & Growth: Consider whether the property has potential for expansion or growth. Some properties might benefit from upgrades or repairs. New owners might also find ways to add revenue streams.
Your Guide to Lake Havasu Storage Facility Investments
Are you considering a storage facility for sale in Lake Havasu City? Check out our listings of storage facilities for sale in the area.
You can also contact our team for help finding properties to buy or for strategic advice. Reach out now to learn more about how Randy Shuffler can help.
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