Established Carwash and Self-Storage Facility

This established company is one of the only large storage facilities in the area and has room to expand. It earns revenue from both a manual carwash and 38 large self-storage units which have approximately 85% occupancy without marketing. The carwash is equipped with a credit/debit card payment option and the property is equipped with security monitoring as well as automatic keypad entry and exit. Office space is included. Location: Fort Smith, Arkansas Year Established: 2004 Real Estate: Owned Facilities: Storage Units: 18- 10x24 units, 3- 15x20 units, 12- 15x30 units, 3- 15x40 units, 2- 15x60 units; Office Space; Manual Car Wash Market Outlook/ Competition: According to "The Motley Fool" in their article "Why Self-Storage is a Smart Buy in 2022," even with economic downturns, self-storage has proven resiliency, and despite demand normalizing in the near future, it's still a smart buy for 2022. Growth & Expansion: One of the only large storage facilities in the area; with space on the property for additional units and the possibility of an increase of rental rates, this business has a remarkable growth potential. Rental rates are currently more than 25% below regional rental rates in the area.