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. The self-storage facility provides approx. 27,300 sq. ft. of storage area, including approx. 20,600 sq. ft. of conventional drive-up storage and approx. 6,700 sq. ft. of portable/container storage. The operation includes 258 storage units, including 42 portable containers. All areas and unit counts are approximate and subject to purchaser verification. The offering also includes an approx. 3,000 sq. ft. residence with 4 bdrms and 2.5 bthrms, together with an attached attached secondary suite (approx. 1,450 sq.ft.) featuring 2 bdrms and 1.5 bthrms and an attached 2-car garage. 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:63203)

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