1980 Schoolhouse Rd, NANAIMO , V9X1T4
Listing ID: 879333
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$15,500,000
Price
30624
Sq. Ft.
Listed: 2 years ago
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Property Description

Situated south of Nanaimo on the Trans Canada Highway, Vancouver Island Self-Storage is an excellent cashflow opportunity with initial building phase complete, currently generating revenue with huge additional potential. Only half of the usable land has been developed, leaving several acres for future expansion or for commercial or industrial tenants (prospects already in line). The self-storage facility is designed to maximize profits and reduce costs, with a full fire suppression system, and no unnecessary indoor hallways, maximizing space with a unit mix that caters to home movers and families that live in condos. Both small and large clientele will also be able to take advantage of indoor and outdoor options. Current capacity is 186 indoor units with 24hr smart phone access, heating/security and high ceilings. Outdoor rental space layout and quantity is variable to maximize profit and match seasonal demand. This is an investment that allows one to profit on autopilot. (id:26452)

Other located at 1980 Schoolhouse Rd. 1980 Schoolhouse Rd is in the Cedar neighborhood. Z4 Diver Lake , Z4 North Nanaimo , and Z4 Departure Bay are nearby neighbourhoods.
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Listed by: Sotheby's International Realty Canada

Mortgage Estimation Calculate Your Own

20% down payment
$54,307
per month
35% down payment
$44,124
per month
50% down payment
$33,942
per month

Estimated mortgage based on 2.7% on a 30 year amortization based on some lenders

roomvu is not liable for data estimates generated by computer modeling, which may not reflect exact market values

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LE
Logan E. Wilson
(250) 857-0609

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LE
Logan E. Wilson
(250) 857-0609
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$3,703.37
Monthly
$878,400
Total Mortgage
$219,600
Down Payment