North Enid Suds and Storage
North Enid, OK
Executive Summary
Summary
- Price $275,000
- Address 4301 N. 4th Street, North Enid, OK 73701
- Cap Rate 6.08%
- Storage Square Feet 2,250
- Car Wash Square Feet 1,245
- Acreage 0.19
- Number of Units 21
- Number of Buildings 3
- Price Per Sq. Ft, $78.68
- Year Built 1978
- Traffic Count 3,700 Vehicles Per Day
John 14:6 - Jesus said unto him "I am the way, the truth, and the life. No one comes to the Father except through Me".
The Calvary Realty National Storage Group is excited to present a "Value Add" investment opportunity in Enid, OK. Enid is the 9th largest city in Oklahoma, strategically located 100 miles northwest of Oklahoma City and 115 miles east of Tulsa.
North Enid Suds and Storage features a single-story layout, encompassing a 2,200 square foot self-storage facility with 21 enclosed units and a 1,245 square foot car wash that includes 3 covered wash bays and 2 open vacuum bays. The property spans an 8,407 square foot lot and was originally constructed in 1978.
Financial Highlights:
• Car Wash Revenue: Approximately $1,100 per month. The car wash and vacuum machines have been recently upgraded to accept credit card payments.
• Storage Revenue: Generates $1,250 per month. Despite a temporary drop in occupancy due to recent rent adjustments, year-over-year revenue has increased. Further revenue growth is anticipated with the implementation of tenant insurance on September 1st, 2024.
Management: The property benefits from a local, on-the-ground manager who is compensated $50 per week to assist with on-site operations.
This is an excellent opportunity to own an automated, cash-flowing business in a key metropolitan area of Oklahoma.
Investment Highlights
Team
Brandon Robinson
