Self Storage Site in Hooksett  NH for sale

Approved site in Hooksett, NH for 419 climate controled units on 3.6 acres. Site on DW Highway US Rte 3. Busy location next to Granite Hills Condos. Engineering complete w/DOT permits. Priced to sell immeadiatly at $419,900. Call Ron Fredette at 603-836-2740. Positive cash flow opportunity!



Estimated cash flow analysis & construction cost worksheet      
                   
Building One   Rates Income Income V&C loss total      
Mini Storage # units non climate monthly yearly 20% income est exp NOI  
5x5 16  $            35  $         560  $        6,720  $        1,344  $      5,376      
5x10 84  $            50  $      4,200  $      50,400  $      10,080  $     40,320      
10x5 26  $            50  $      1,300  $      15,600  $        3,120  $     12,480      
10x10 30  $            99  $      2,970  $      35,640  $        7,128  $     28,512      
10x15 28  $          120  $      3,360  $      40,320  $        8,064  $     32,256      
10x20 14  $          145  $      2,030  $      24,360  $        4,872  $     19,488      
10x30 18  $          200  $      3,600  $      43,200  $        8,640  $     34,560      
  216    $     18,020  $     216,240  $      43,248  $   172,992  $ 50,000  $   122,992  
                   
Building One Construction Costs       Expenses          
land    $    420,000   Management  $      30,000        
building const    $    340,000   Taxes  $      10,000        
extras    $    100,000   Utilities  $        5,000        
site prep    $      50,000   misc  $        5,000        
total    $    910,000   total  $      50,000        
                   
                   
Recap:                  
Income  $     172,992                
expenses  $      50,000                
NOI  $     122,992                
Cap Rate 10%                
Value Bld 1  $  1,229,920                
future bldg 2  $     210,000                
est future value  $  1,439,920                
                   
                   
Notes: Rates of climate controlled are usually higher than non-climate controlled rates.      
  Future value of land Building 2 estimated at 1/2 acquisition costs.        
  All values are estimated. This worksheet is provided for informational purposes only.       
  Customer/Client is advised to make their own decision based upon their own study and not rely upon this worksheet.
                   

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