Property Listing No Longer Available for Sale

1524 Old U.S. 10, Laurel, MT

Industrial for Sale - $4,300,000 - 93,652 Sq. Ft. on 10 acres


Property Info

CIMLS#1084133
Location
  1524 Old U.S. 10
  Laurel MT 59044
UpdatedSeptember 13th, 2021
TypeIndustrial
Price$4,300,000
Building93,652 Sq. Ft.
Land10 acres

Property Description

*422 Unit Westbrook Mini Storage for Sale

*For Sale $4,300,000

*5.6% Cap Rate (Based on 2020 P&L)

*90,348 SF of Mini Storage Buildings

*3,304 SF 3 Bed, 2 Bath Single Family Home, 2 Car Garage + Accessory Dwelling Unit

*10.64 Acres

*Zoned I1-Light Industrial

*Excellent Location Right Off The New West Laurel Interchange

*Highway Visibility

*Buyer Could Build Additional Mini Storage Units On Excess Land

*Significant Upside Potential Via Raising Rents & Adding Buildings

*3 Bed, 2 Bath Home is Set Up For Live In, Onsite Management Office

*Accessory Dwelling Unit is Renovated and Includes Den/Exercise Room, Guest Bedroom & Sauna

NUMBER/SIZE/PRICE OF UNITS:

1 qty Shop Building 50x75 - $650/mo

1 qty Shop Building 50 x 75 - $530/mo

28 qty RV Units 12 x 35 - $160/mo

37 qty 12 x 24 - $85/mo

19 qty 10 x 24 - $80/mo

159 qty 10 x 20 - $75/mo

59 qty 10 x 15 - $65/mo

33 qty 10 x 13 - $60/mo

35 qty 10 x 10 - $55/mo

41 qty 6 x 10 - $50/mo

6 Covered Open Storage - $40/mo

3 qty 24 x 20 - $120/mo

58 qty Parking Spaces - $25/mo

Gross Potential Rent = $409,080

Gross Rent Collected (2020 P&L) = $342,463


Financials



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