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FOR SALE

STOR UR STUFF
$1,195,000
• 11.0% CAP
• 14,682 Square Feet
• 144 Units-Ground Level
• 90% Current Occupancy
• 4 Living/Working Quarters
• All Metal Construction
• Expansion Opportunity
• Many Site Improvements
• Brand New Storage Lockers

6101 & 6113 Truck Village Drive


Mount Shasta CA, 96067

Represented By
RE/MAX Goleta
Jason Allen
5654 Calle Real
Goleta, CA 93117
(805) 964-2662 Fax (805) 964-2660
jason4remax@sbcglobal.net

This information has been secured from sources we believe to be reliable, but we make no representations or guaranties,
Expressed or implied, as to the accuracy of the information. References to square footage or age are approximate.
Buyer must verify the information and bears all risk for any inaccuracies.
PROPERTY DESCRIPTION

Located in beautiful Mount Shasta, Stor UR Stuff offers an excellent opportunity of a


stabilized facility, growing market area, income growth potential, and expansion possibility.

The facility currently consists of 144 self storage units, totaling 14,872 net rentable square
feet. Fourteen of the 144 units were recently added in 2003-2004. Demised into 6 single story
metal buildings, Stor Ur Stuff is situated on 1.7 acres of beautiful scenic property. Just recently, 30
brand new self storage lockers were added to the facility in December and currently rent for $10
per locker. Stor UR Stuff is the only facility in the area to offer locker storage. Access to the
facility is through an electronic gate system (PTI keypad & software system) and there is a three
intercom-speaker system setup connecting the office, gate and main house all together.

In addition to the storage facility, there is an A-Frame home, Studio/Office, Caretaker’s


Apartment and 2 bedroom Mobile Home. The two story A-Frame home boasts 1,852 square feet
and was recently appraised for $385,000. The office and 1 bedroom caretaker’s apartment is 750
square feet and could offer the new manager a comfortable place to live and work. The furnished
720 square foot studio/office loft sits above an oversized garage. The garage could easily be turned
into an additional unit. There is also a 2 bedroom, 500 square foot trailer next door to the office,
perfect for a handyman or rental. All 4 of these living/working quarters could be rented anywhere
from $35,000-$40,000 per year and could offer the new owner/manager a residence on the
property.

FUTURE GROWTH / EXPANSION

This owner occupied self storage business offers a great opportunity for future growth and
development. For over 6 years, Stor UR Stuff operated a U-Haul business which generated
anywhere from $24,000 to $30,000 per year. Because of the mass amount of business and not
enough staff, the owner unfortunately had to discontinue her U-Haul service. The new owner
though could start the U-Haul business once again, as it is already advertised in Stor UR Stuff’s
yellow page ad, which generates many U-Haul related phone calls daily.

Within the facility there is additional room to ad 5-10 extra auto/RV spaces and 10 cargo
containers, adding around $12,000 to the gross income. The owner also sells cargo containers, as
there is always a need for portable storage and is the only one within the area, with an established
cargo business. The income generated from this business is unlimited.

Acquiring the land next store, which is currently listed for $200,000 would enable the new
owner to either add additional RV storage (which is needed in this community), more self
storage units, portable storage units or extra area to market cargo container sales. On the
1.77 acres of land is already a 1,260 square foot office and workshop, perfect for the U-Haul
business. The land is ready for development and zoned (M-M) for a large/mini storage facility,
along with many other uses.
LOCATION DESCRIPTION

Located at 6101 & 6113 Truck Village Road in Mount Shasta, Stor UR Stuff is centrally
located in a growing community with freeway frontage along the I-5. Mount Shasta is located in
Siskiyou County at the top of upstate California and is surrounded by pristine mountains, lakes,
rivers and majestic forests. It is both 60 miles north of Redding and south of the Oregon border and
its sphere of influence extends about 41 square miles.

The combination of a stabilized facility, growing market area, income growth potential
and expansion opportunity make this project highly desirable to the self storage investor.

To arrange a tour of the property or to obtain additional information, please contact Jason Allen at
(805) 964-2660

2005 RE/MAX of Goleta.


Buyer to conduct own investigation to verify all pertinent data. Broker provides no express or implied warranties whatsoever.
This information is provided with the understanding that all negotiations for the property shall be conducted through RE/MAX of Goleta
Investment Summery

Stor UR Stuff
6101 & 6113 Truck Village Drive
Mount Shasta, CA 96067

Property
Built: 1991

Units: 144 - Self Storage Units


5 – RV Parking Spots
30 – Brand New Storage Lockers

Net Rentable Sq.Ft. 14,872 sq.ft.

Acres: 1.7

Occupancy: 90% (January 2005)

Construction: 6-Single Story Steel Buildings


A-Frame, Home, Studio/Office,
Trailer
Manager’s Apt. & Office
Electronic Security Gate

Financial Data
Purchase Price: $1,195,000

Gross Potential Income: $135,012 (2004 Annual)


$195,072 (Performa)

Annual Expenses: $17,583 (2004 Annual)


$51,536 ( Proforma)

Net Operating Income $82,536 (2004 Annual)


$131,498 (Proforma)

CAP Rate: 11.0% (Proforma)

Price Per. Sq.Ft. $80.35

OWNER IS WILLING TO CARRY

This information has been secured from sources we believe to be reliable, but we make no representations or guaranties,
Expressed or implied, as to the accuracy of the information. References to square footage or age are approximate.
Buyer must verify the information and bears all risk for any inaccuracies.
RENT SURVEY DATE: January 2005

SPECIALS/
# UNITS 5X5 5X10 10X10 10X15 10X20 10X30 OCC COMMENTS

Stor UR Stuff
6101 Truck Village Drive 144 N/A $35 $50 $68 $85 N/A 90% Facility Also Has
Mount Shasta, CA 96067 14,682 Individual Storage Lockers
530-926-3531

Comparable Properties:*

Mount Shasta Mini Storage


5815 Truck Village Drive 275 N/A $32 $40 $50 $60 N/A 85% 16-RV Spots
Mount Shasta, CA 96067 30,000
530-926-3779
Rental Comp 1

Butte Self Store


5201 Truck Village Drive 303 N/A $35 $50 $70 N/A N/A 95% Facility Has Only
Mount Shasta, CA 96067 30,000 3 Sizes
530-926-0247
Rental Comp 2

Ream Avenue Mini Storage


911 Ream Ave N/A N/A N/A N/A N/A N/A N/A Doesn't Give Information
Mount Shasta, CA 96067
530-926-3088
Rental Comp 3

Alpine Mini Storage


1304 Ream Ave N/A N/A N/A N/A N/A N/A 100% Ocean Containers
Mount Shasta, CA 96067 21,780 Completely Full-No Manager
530-926-0929
Rental Comp 4

Deetz Secure Storage


700 S. Old Stage Road 103 N/A $35 $45 $55 $65 N/A 100%
Mount Shasta, CA 96067 10,000
530-926-1417
Rental Comp 5

Mott Mini Storage


1504 Mott Road 104 N/A $30 $40 $50 $75 N/A 99%
Mount Shasta, CA 96067 14,000
530-235-0723
Rental Comp 6

A-1 Mini Storage of M.S.


2405 S Mount Shasta 200 N/A $35 $45 $65 $80 $120 100%
Mount Shasta, CA 96067 20,000
530-926-6944
Rental Comp 7

AVERAGES: OTHERS N/A $33 $44 $58 $70 $120 97%


SUBJECT N/A $35 $50 $68 $85 N/A 90%

doc:1734Sur1
( c) 2 0 0 5 RE/ M A X Golet a
This informat ion has been collect ed from sources we believe t o be reliable, but we mak e no represent at ions or warrant ies, ex pressed or implied, as t o t he accuracy of t he dat a. References t o square foot age or a

are approx imat e.Buyer must verify t he informat ion and bears all risk for any inaccuracies.
STOR UR STUFF STORAGE
Mount Shasta, California

CURRENT UNIT MIX & INCOME SCHEDULE


UNIT # OF RENTABLE MONTHLY ANNUAL
TYPE SQ. FT. UNITS SQ.FT. RATE INCOME INCOME
Self Storage
8 X 14 * 112 2 224 $56.00 $112 $1,344
8 X 20 * 160 7 1,120 72.00 504 6,048
8 X 40 * 320 4 1,280 125.00 500 6,000
8X 5 * 40 2 80 25.00 50 600
10 X 10 100 4 400 50.00 200 2,400
10 X 15 * 150 4 600 70.00 280 3,360
10 X 20 * 200 10 2,000 85.00 850 10,200
11 X 25 275 10 2,750 125.00 1,250 15,000
5 X 10 50 69 3,450 35.00 2,415 28,980
10 X 10 100 6 600 50.00 300 3,600
10 X 24 240 5 1,200 95.00 475 5,700
5 X 12 60 20 1,200 40.00 800 9,600
8 X 10 80 1 80 40.00 40 480

Self Storage Total 144 14,984 $7,776 $93,312


*New Units Added 03-04
Average Rate $0.52 /sq.ft.
Average Size 104 sq.ft.
OUTSIDE PARKING
Auto 4 $45.00 $180 $2,160
R.V. 1 $45.00 $45 $540

Parking Total 5 $225 $2,700

HOUSE RENTALS
Studio 1 $700.00 $700 $8,400
Caretaker Apt. 1 $600.00 $600 $7,200
2-Br Mobile 1 450.00 450 5,400
A-Frame Home 1 1,500.00 1,500 18,000
House Rental Total 4 $3,250 $39,000

TOTAL PROPERTY INCOME


Self Storage $93,312
Parking Income $2,700
House Rentals $39,000
TOTAL $135,012 (not including U-Haul or Container Sales)
doc:1734rr3
 2005 RE/MAX
The information herein has been obtained from sources deemed to be reliable. We have no reason to doubt its accuracy, but do not guarantee it.
This information is provided with the understanding that all negotiations for the property shall be through Bancap Self Storage Group, Inc.
STOR UR STUFF STORAGE
Mount Shasta, California

PROFORMA CURRENT UNIT MIX & INCOME SCHEDULE


UNIT # OF RENTABLE MONTHLY ANNUAL
TYPE SQ. FT. UNITS SQ.FT. RATE INCOME INCOME
Self Storage
8 X 14 * 112 2 224 $56.00 $112 $1,344
8 X 20 * 160 7 1,120 72.00 504 6,048
8 X 40 * 320 4 1,280 125.00 500 6,000
8X 5 * 40 2 80 25.00 50 600
10 X 10 100 4 400 50.00 200 2,400
10 X 15 * 150 4 600 70.00 280 3,360
10 X 20 * 200 10 2,000 85.00 850 10,200
11 X 25 275 10 2,750 125.00 1,250 15,000
5 X 10 50 69 3,450 35.00 2,415 28,980
10 X 10 100 6 600 50.00 300 3,600
10 X 24 240 5 1,200 95.00 475 5,700
5 X 12 60 20 1,200 40.00 800 9,600
8 X 10 80 1 80 40.00 40 480
Cargo Containers 10 0 72.00 720 8,640
Storage Lockers 30 0 10.00 300 3,600
(just added Dec. 04)

Self Storage Total 184 14,984 $8,796 $105,552


*New Units Added 03-04
Average Rate $0.59 /sq.ft.
Average Size 81 sq.ft.

OUTSIDE PARKING
Vehicle Storage 10 $50.00 $500 $6,000
Parking Total 10 $500 $6,000

HOUSE RENTALS
Studio 1 $700.00 $700 $8,400
Caretaker Apt. 1 600.00 $600 $7,200
2-Br Mobile 1 450.00 450 5,400
A-Frame Home 1 1,500.00 1,500 18,000
House Rental Total 4 $3,250 $39,000

U-HAUL INCOME
Truck Rentals (based on 6 yeats past history) $2,000 $24,000
Service Repairs(Service contract with U-Haul 02-03) $660 $7,920
U-Haul Total $2,660 $31,920
MISC. INCOME
Cargo Container Sales & Rentals $1,000 $12,000
Lock & Supply Sales $50 $600
Package Acceptance TBD TBD
Misc. Total $1,050 $12,600

TOTAL PROPERTY INCOME


Self Storage $105,552
Outside Parking $6,000
House Rentals $39,000
U-Haul Income $31,920
Misc. Income $12,600

TOTAL $195,072

doc:1734proforma
 2005 RE/MAX
The information herein has been obtained from sources deemed to be reliable. W e have no reason to doubt its accuracy, but do not guarantee it.
This information is provided with the understanding that all negotiations for the property shall be through Self Storage Group, Inc.
STOR UR STUFF
Mount Shasta, California

PROFORMA INCOME & EXPENSES


2004 Proforma
Annual Annual
INCOME: (Including RV) (including RV & Lockers)
Storage-Potential Income $96,012 $111,552
Less Vacancy Factor 12% -11,521 5% -5,578
Adjusted Storage Income $84,491 $105,974

House Rentals
*Apartment & Mobile $12,600 $12,600
*A-Frame Home (Owner Occ.) 0 18,000
*Studio (Mgr Occ.) 0 8,400
U-Hual (2 months operationa 04l) $2,247 25,000
Cargo Container Sales 0 12,000
Miscellaneous Income 1% 781 1% 1,060
Adjusted Storage Income $15,628 $77,060

Total Storage Income $100,119 $183,034

Expenses
Payroll Expenses $1,981 $15,000
Insurance 1,219 2,500
Advertising 4,477 4,500
Office Expense/Supplies 1,751 1,800
Telephone/Postage 1,122 1,200
Internet-Satalite 448 500
Repairs & Maintenance 282 3,000
Utilities/Trash 1,317 1,500
Property Management 0% 0 4% 7,321
Property Taxes 1.1% 3,898 1.1% 13,145
Dues 66 70
Miscellaneous 1,022 1,000

Total Expenses 18% $17,583 28% $51,536

NET OPERATING INCOME: $82,536 $131,498

LISTING PRICE: $1,195,000 $1,195,000

CAPITALIZATION RATE: 6.9% 11.0%

doc:1734i&e3

The information herein has been obtained from sources deemed to be reliable. We have no reason to doubt its accuracy, but do not guarantee it.

This information is provided with the understanding that all negotiations for the property shall be through RE/MAX Goleta.

EXIS
Stor UR Stuff
Mount Shasta, CA 96067

REGIONAL MAP
Stor UR Stuff
Mount Shasta, CA 96067

LOCATION MAP
Stor UR Stuff
Mount Shasta, CA 96067

AIREL VIEW
Stor UR Stuff
Mount Shasta, CA 96067

PARCEL MAP

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