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1550-1560 Rue Michelin
Laval, QC H7L 4R3

$17,316,568 USD

Self Storage For Sale  •  126,678 SF

Property Details

  • Property Type Self Storage
  • Total Building Size 126,678 SF
  • Lot Size 6.16 AC
  • Year Built 1985
  • Cap Rate 7.30 %
45 Transit Score
44 Walk Score

Description

Embrace the exclusive chance to acquire an entire thriving family-run enterprise, encompassing six properties, equipment, and everything essential for operating a prosperous self-storage business. Seize the opportunity presented by this business's consistently low vacancy rate, expansion opportunities, prime locations, and remarkable name and brand recognition. Instances to enter the self-storage industry with such favourable conditions are rare. Feel free to reach out today with any inquiries.

Introducing a distinctive opportunity brought to you by Berkshire Hathaway's self storage specialists. We are thrilled to present a unique portfolio sale, featuring a semi commercial/storage site and five self-storage facilities. This exclusive offering encompasses a strategic blend of prime locations, equipped with everything necessary for a thriving self-storage business, and a proven track record of success. Explore this unparalleled chance to elevate your investment portfolio with us.

The Business's main attractions:

- 1-3% historical vacancy

- Capacity to sustain organic rent increase

- Close to commercial services and residential areas with easy access to highways

- Strong branding - SEO - Domain names:
ENTREPOSAGE LAVAL and ENTREPOSAGE LAURENTIDES

- Environmental Studies + Engineer Reports Available

- Prime locations

- Possibility to expand 4 locations*

FINANCIAL INFORMATION
$ 2 091 633 Current annual gross revenue
$ 347 740 Current total annual OPEX
$ NOI of 1 744 000
** These figures do not include the mortgage payments on the loan **
* There is currently an opportunity to take over a loan from the company at a 5.21% interest rate, which is locked in until May 2027.
Cap Rate: 7.30 %

Public Transportation

Commuter RailDriveWalkDistance
Gare Vimont (Saint-Jérôme - exo-Réseau de transport métropolitain) 4 min - 1.6 mi
Gare Sainte-Rose (Saint-Jérôme - exo-Réseau de transport métropolitain) 11 min - 4.1 mi
AirportDriveWalkDistance
Montréal-Pierre Elliott Trudeau International 22 min - 13.4 mi
Louis Mariano 514-827-1861 Berkshire Hathaway HomeServices Quebec
Louis Mariano 514-827-1861 Berkshire Hathaway HomeServices Quebec