108 Units
2 Acres

Gross Income: $191,000
Expenses: $59,000
Net Income: $132,000
Occupancy: 73%

• Price $1,450,000.00 + HST

• Address: 6 Lundrigan Drive

• Lot Size: 120m x 101m (see survey)

• Type: Commercial Retail, Warehouse, self-storage facility

• Sale/Lease: Business with Building and Land

• Title to Land: Freehold

• Site Influence: Highway access, Industrial Park, level

• Heating: Electric

• Fire protection: Alarm, Hydrant

• Utilities: Sewer, Municipal Water, Electric, Telephone

• Documents available: Legal Description, Deed, Building Location certificate, Land Survey, Aerial Photos, Financial Statements, Contracts

• Exterior: Partially fenced, storage building, yard storage, wheel chair accessible,

• Driveway: Gravel, multi

• Construction: wood

• Internal features: public washroom, security system, workshop

• Roof: asphalt shingles, metal roof

• Floor: concrete

• Building Age: 4 years

Corner Brook Self Storage is a 108 unit facility with an annual occupancy rate of 73%. We feel that there is potential for more revenue from this facility – higher occupancy rates, retail sales of packing materials can be increased, room for expansion.

Visit http://ksab.ca/CBSSR_v-tour/ for a virtual tour of the showroom (currently used as are reception area and Kitchen cabinet showroom) and our warehouse (currently being used as a Carpentry Shop)

Visit our website http://www.cornerbrookselfstorage.com/ for more details on the business.

Attached is a copy of our Income Statement. Vehicle rentals are not being sold with the property and are not shown on the Income Statement.

email Herb Johnson or call 709-639-0959

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