Star Valley,  AZ

4305 E AZ Highway 260

RIM FURNITURE AND STORAGE

Currently offering dozens of self-storage lockers or sheds, 4 residential (apartment) units, and over 4,000 square feet of retail space, the RIM Furniture and Storage building is approximately 7,640 square feet total. Current revenues are derived from self-storage rentals, retail leases, and several multi-family leases. And all are years out of date and the rates are very low. Variety of uses are possible with all this square footage, the excellent highway access and massive back wall signage options. Conversion of some or all of the existing retail space to (air-conditioned) self storage units could not only serve the local shortage of self-store-space, but could significantly increase rental revenues per square foot at the property. With this much square footage come many options.

NUMBER OF UNITS

30

YEAR BUILT

1986

SIZE

7,640 SF

PRICE

$679,000

CAP RATE

6.42%