Purchase Price: $2.7M, 65,000 sq ft on 6 acres that can be developed. Seller financing note for 5 years at 7% interest only. 

Phase 1: 120 relocatable units and 220 first floor units build out.($750K) lease up to 90% in 1.5 years.

Phase 2: Second floor build out 220 units or $400K. Lease up to 90% occupancy by year 4. 524 units

Purchase Price: $1.5M, 55% Occupancy of an 8 month new climate controlled storage units with RV and boat parking. 180 Total units.

Business plan is to fill the facility to 90% occupancy and taking a loan the extra 1.5 acres = 25,000 sq ft of new units. Lease up 345 units.