Investment Overview

Storage Solutions USA & Bay Wash Car Wash are located at the corner of E. Main St. and Schutt Rd. in Middletown, NY. The property is positioned less than a quarter mile from Route 84, which is a major artery between the states of PA, NY and CT. Middletown is located 70 +/- miles north west of New York City. The self storage and car wash are positioned front and center to 12,703 +/- vehicles per day on E Main St. and 17,039 +/- vehicles per day on Schutt Rd. The self storage facility features 30,475 NRSF of self storage that are a combination of drive up and interior non climate controlled units. The storage is currently at 88%+/- unit occupancy and 92% +/- SF Occupancy with Economic Occupancy at 91%. The property is managed by the property owner, a self storage manager and two part time employees for the car wash. This offering also includes approximately 0.5 acres for expansion. Bay Wash Car Wash features 5 self service wash bays, 1 in bay automatic, 6 vacuums and vending machines for vehicle cleaning retail items. Central Vacuum System accepts cash and credit card processing, while the car wash's premium offerings include: pre soak, tire shine, high pressure rinse, triple foam, spot free rinse, foam brush, and wax. The in bay automatic produces $393,000 +/- in revenue annually and the self service hand bays generate $323,000 +/- with an additional $50,000 +/- for vacuum and vending sales. The car wash is in excellent condition and the control room that hosts the operating systems has been maintained at a very high level and serviced regularly. The automatic wash bay is a 7 year old, top of the line, Petit branded piece of machinery. The self storage facility has been operated and maintained to a high standard, and very little capital improvements would be needed for an investor purchasing each business. The self storage and car wash are on two separate parcels with an easement through a neighboring parcel for entrance to the property.