10862 Chemainus Rd$3,690,000
Property Description
This established mini storage facility in Saltair offers an excellent investment opportunity. With over 150 units, it is being offered at over a 6% cap rate. It has strong local demand, including waitlists for select unit sizes, providing dependable cash flow and long-term stability. Recent upgrades include fresh exterior paint, new crushed gravel throughout, upgraded LED lighting, and a newly implemented software system with automated payment collection, making day-to-day operations efficient and low maintenance. The property also offers excellent expansion potential, with opportunities to increase outdoor storage or add additional portable storage units to further grow revenue. With established income, modernized systems, recent capital improvements, and room to expand, this turnkey commercial asset is a rare find in a growing Vancouver Island market.
Property Details
- Property ID:31715812
- Price:$3,690,000
- Property Type:Commercial Sale
- Lot Size:56628.00 sq ft
- Status:Active
- City:Chemainus
- State/Province:BC
- Postal Code:V9G 2A4
- Listing Agent:Gillian Lowe
- Office:eXp Realty (DU)
Condition
- 3 Bedrooms
- 2 Bathroom
- 1 Garage
- 1 Balcony
- 4800 sq ft
- TV
Features
- Air conditioning
- Wifi
- Swimming Pool
- Double Bed
- Balcony
- Telephone
- Garage
- Parking
- TV
- Home Theater
- Alarm
- Garage
- Gym
- Electric Range
- Private space
Floor Plans
| Size | Rooms | Bathrooms |
| 1600 | 3 | 2 |
Property Vedio
Property Location
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