1414 Audrey Street Kingston, Ontario K7L 4V4

$6,800,000

RARE OPPORTUNITY to acquire an established, income-producing self-storage facility together with residential accommodations on an approximately 9-acre site offering convenient access to the Highway 401 corridor in Kingston. ABC Storage provides approximately 30,720 sq. ft. of storage area, including approximately 20,000 sq. ft. within two conventional drive-up storage buildings and approximately 10,720 sq. ft. of portable/container storage. The operation is reported to include 258 storage units, including 55 containers + 8 outdoor storage spaces. All areas and unit counts are approximate and subject to purchaser verification. The offering also includes a 2,800 sq. ft. residence with 4 bdrms and 2.5 bthrms, together with an attached 1,300 sq. ft. secondary suite featuring 2 bdrms and 1.5 bthrms. Live on site while operating the business, accommodate an on-site manager, or lease the residential components for additional income. Storage demand in the Kingston trade area is supported by household moves and downsizing, contractors and trades, seasonal and recreational storage, and small-business inventory requirements. Potential value-add opportunities include rate optimization, online rentals and automation, ancillary revenue streams, and possible additional container capacity across the expansive site, subject to purchaser verification and all required approvals. Turn-key operation with an established brand and broad tenant base, well suited to owner-operators, private investors and storage groups seeking a stabilized asset with growth potential. Sale includes the land, buildings and operating business. Detailed financial statements, rent roll and operating information are available to qualified purchasers upon execution of a confidentiality agreement. Showings by appointment only through the Listing Brokerage. Please do not attend the property unaccompanied or disturb staff, tenants or occupants of the on-site residence. (id:56248)

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https://www.realtor.ca/real-estate/30112783/1414-audrey-street-kingston-city-north-of-401-44-city-north-of-401