The Truck Village Mini Storage is a traditional self-mini storage complex, plus two(2) homes located adjacent to Interstate 5, with excellent I5 exposure, five (5) miles north of Mt. Shasta, Ca and 4 miles south of Weed, CA in the beautiful Siskiyou Mountains at the foot of majestic Mt. Shasta. The complex was built in 1991, with the homes being newer. The self storage facility, including, the A Frame and the Studio apartment, is on a septic system with well water and public utilities and the entire complex covers 1.7 acres. There is a manager’s office and living area in the front building, which is located just behind the security gate on Truck Village Drive, allowing for excellent access. The 171 storage units are well laid out in the six buildings on the property, and range in size from 5x10’s to the large 10x24 units. 14 large storage containers are included, and there is auto, boat, and RV parking areas. The complex has a security gate, intercom system, and a new alarm system. Since it’s opening some 15 years ago, this has been a very successful family owned mini storage complex with long term tenants. The addition of the two homes, one a modern A-frame chalet and the other a studio over a large garage, allows for additional income. Both homes are rented as both vacation and longer term rentals, depending on the time of the year, with close access to skiing on Mt. Shasta and boating on 2 nearby lakes. The property income upside is very positive, in that the property has not had professional management. However, the facility has an excellent financial history. Over the years the owner has secured additional income centers, and was once used as a U-Haul Center. All interested parties are encouraged to inquire, for this is an excellent money maker for the right investor. Considering comps and the market condition, this price is very competitive with a cap of 8.9% based on current owner’s P&L.
For a photo album and additional detailed information, including 2005 and 2006 financial data, please contact Ron Largent at 530-248-5601 or e-mail to: ronlargent@kw.com
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