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Uintah Basin Self Storage

Location  Utah,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1981
Number of Employees  1 - 3
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Leased
Description  Existing self-storage property containing 100 units within four buildings totaling of approximately 11,576 square feet of rentable area. The units consist of 90 storage units (8x12) plus 10 larger storage units with extra high doors (12x24). Cinder brick construction on cement slab and paved access. The total site sits on .86 acres. The improvements were constructed in 1981. The business has many long-time tenants and rental rates are competitive. This business currently rents to their existing customer base, but does not advertise or market much for new tenants because the occupancy rate is high with little vacancy (close to 100%). Off-Site manager is willing to stay on either long term or short term. Area Description: The population of Vernal was 9,089 at the 2010 census. It is the county seat of Uintah County. Vernal is situated on a two lane highway, US Highway 40. A major economy of the town is derived from extracting natural resources throughout Uintah County including petroleum, natural gas, phosphate, and uintaite - more commonly known as Gilsonite. Tourism also plays a major role in Vernal's economy due to the town's roots in the Old West and being a large site of ancient dinosaur fossils. Vernal and the surrounding area are popular among outdoor enthusiasts as they are situated near plentiful spots for fishing, fly fishing, hunting, and other outdoor activities.
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