Storage Units are often a favorite investment for many investors because of the lucrative cashflow with little to no maintenance! Each of these units are specifically designed to be large enough to hold recreation vehicles that many people find hard to store at home. Each of these units very attractive inside and are equipped with electricity and heat (see attached photos). These units are located near Provo, Utah in a location where there is a high need for storage units and we anticipate at least a 90% occupancy rate. One of the great things about this project is that while most investors realize the great benefits of owning storage units, most don’t have the capital to purchase a whole complex. We have the unique opportunity to sell each unit individually so that you can own what best fits your investment portfolio. What’s even better is that this project is all seller financing!! If you are struggling to get loans for other projects, then THIS IS THE PROJECT FOR YOU!!
Here is how these four critical components apply:
1. Working Capital – All of these units are VERY affordable, for Phase 1 they are selling for ONLY $90 per square foot. The price will continue to increase with each phase so NOW IS THE TIME TO BUY! The prices for each unit for Phase 1 are:
- 16 x 43 = $61,920
- 18 x 43 = $69,660
- 20 x 43 = $77,400
- 22 x 43 = $85,140
2. Cashflow – These units ONLY require a 20% down payment and offer a 2 YEAR RENTAL GAURANTEE for 15% return on investment on that down payment. The monthly returns for each unit would be:
- 16 x 43 = $155/month
- 18 x 43= $174/month
- 20 x 43= $193.50/month
- 22 x 43= $213/month
3. Appreciation – Unlike many other parts of the country, the Utah market has remained relatively firm. Commercial properties have done well and factors indicate that they will continue to perform for the foreseeable future. In addition, each phase of the project will make these units more and more valuable. This phase is selling at $90 per square foot and the final phase is projected to sell for $120 per square foot. This means you will have built in higher values as the project nears completion in the next year and beyond.
4. Secure Exit Strategy - Every investor wants to profit as much as possible from the eventual sale of each investment, but it is always nice to have a guaranteed fall back strategy that you KNOW you can bank on! We understand this and for this reason have structured one for you….We have a 3rd party who, for an additional 2% down, will GAUARANTEE a purchase of your property for the retail market value at the time you purchased the property. You certainly don’t have to purchase this service, and there is no obligation to use it even it if you do purchase it….but it certainly gives peace of mind to know that it is there if no better options are available at the time of sale.
In addition to these benefits, there is a management company that will rent and manage all of the units on an ongoing basis to ensure you have the best occupancy rates and returns as possible.
For more information about this project, please email list@propertyfreaks.com or call us at 954-779-6278.
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