8151 NW 160th St - Rick's Self Storage Spécialité

The subject property encompasses a total of 7,425± SF of enclosed space, complemented by a 1,275± SF loading dock across four buildings. It features 29 self-storage units, totaling 4,400 SF, along with additional warehousing space of over 3,250 SF, supported by multiple loading docks. Approximately $41,000 has been invested in site improvements, including non-cash enhancements like upgraded signage, optimized Google Maps presence, and increased rent. The property has successfully auctioned off abandoned and delinquent units, implemented electronic contracts and auto-pay systems, and achieved remote management efficiencies. Notably, the rental agreement with Frito Lay has doubled, solidifying a stable income stream alongside revenue from self-storage, warehousing, and parking. Value-add opportunities remain abundant, with potential for further rental increases and the addition of storage containers, making this an attractive investment prospect.