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Steffes Group

Huron, SD Storage Unit Real Estate Auction - SOLD!!

Friday, March 23 @ 12 PM



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AUCTIONEER’S NOTE: Great investment opportunity with relatively low carrying costs and good income potential Approximately 50% of current tenants have been in place for 2 or more years. All lease agreements are on a month to month basis.

 

DBL Storage – 366 Nevada SW, Huron, SD 57350
Description: COMMENCING AT SW CORNER OF LOT 22, BLOCK 64, 6TH RAILWAY ADD (N80’ OF S220’ OF W199’ OF BLOCK 64)
80’ x 199’ Lot
Steel Varco Pruden (“VP”) Building Built in 2009
30 Units
o (12) 10’ x 15’ units @ $40/mo.
o (7) 10’ x 10’ units @ $30/mo.
o (7) 10’ x 20 units @ $50/mo.
o (1) 10’ x 25’ unit @ $60/mo.
o (2) 10’ x 30’ unit @ $70/mo.
o (1) 5’ x 10’ unit @ $20/mo.

Approx. 80% occupancy rate

 

RENT INCOME & PROPERTY TAXES: The rent payments & taxes will be prorated to the date of closing based upon best available estimates.


TERMS: Twenty (20%) percent down upon signing purchase agreement with balance due at closing in 45 days.

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