Self-Storage Facility
24-7 Automated Storage Henderson
1601 Athol Ave, Henderson, NV 89011
Listing Price: $3,180,000
Investment Overview
Strong Residential Development // Within two miles of the property, there are master planned communities under development by homebuilders such as, D.R. Horton, Lennar, Richmond American Homes, and Century Communities. In addition to the single-family development, there are 1,689 apartment units under construction or planned in the three-mile radius.
Upside Potential // Additional revenue can be achieved by increasing occupancy from 79 percent up to the market average of 90+ percent through increased online visibility, hands-on management, and an enhanced revenue management platform.
Below Market Rental Rates // The subject property's advertised rates are significantly below the advertised rates of their competitors and achieved rates range from 31 percent to 100 percent below the market high.
Demographics // 264,950 people live in a five-mile radius, with the population expected to grow six
percent over the next five years. There are over 102,500 households with an average income of $91,850.
Investment Highlights
- Strong Residential Development
- Upside Potential
- Below Market Rental Rates
- Demographics
Exclusively Listed By
Broker of Record
Listing Price: $3,180,000
Investment Highlights
- Strong Residential Development
- Upside Potential
- Below Market Rental Rates
- Demographics
Investment Overview
Strong Residential Development // Within two miles of the property, there are master planned communities under development by homebuilders such as, D.R. Horton, Lennar, Richmond American Homes, and Century Communities. In addition to the single-family development, there are 1,689 apartment units under construction or planned in the three-mile radius. Upside Potential // Additional revenue can be achieved by increasing occupancy from 79 percent up to the market average of 90+ percent through increased online visibility, hands-on management, and an enhanced revenue management platform. Below Market Rental Rates // The subject property's advertised rates are significantly below the advertised rates of their competitors and achieved rates range from 31 percent to 100 percent below the market high. Demographics // 264,950 people live in a five-mile radius, with the population expected to grow six percent over the next five years. There are over 102,500 households with an average income of $91,850.