2601 Laughlin Vw Dr, Bullhead City, AZ 86429-5867
- Warehouses
- 10,790 SF
- 1.25 lot acres
Current Use by Public Records
- Warehouses
Property Details for 2601 Laughlin Vw Dr
- Year built
- 2020
- Lot size
- 1.25 lot acres
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 347-32-109A
- APU
- 34732109A
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 15, 2018 | — | Ride Investments LLC | — | Grant Deed · related | $1.4M · Mohave St Bk |
| Oct 31, 2017 | $200,000 | Let It Ride Investments LLC | Hendrix,laurin | Warranty Deed | — |
| May 23, 2017 | $105,000 | Laurin Hendrix | Stinkweed Inv Co LLC | Grant Deed | — |
| Nov 25, 2014 | — | Stinkweed Investment Co LLC | Hendrix,m Laurin & Evelyn | Grant Deed · related | — |
| Aug 15, 2006 | $2,000,000 | Stinkweed Investment Co LLC | Laughlin Ranch LLC | Grant Deed | — |
Description
This exceptional investment opportunity presents two newly constructed self-storage facilities located at 2601 Laughlin View Drive and 2725 Desert Trail in Bullhead City, Arizona. Boasting a combined 87,091 square feet of space, these properties offer 144 units across a total of 8.21 acres. Built in 2019 and 2020, the facilities benefit from a streamlined management system, easily operated remotely. The properties are strategically positioned within high-density residential communities along the Bullhead Parkway corridor, capitalizing on the city's rapid growth and influx of residents. The asking price is $8,950,000, representing a price per square foot of $102.77 and a price per unit of $62,152.78. With a Net Operating Income (NOI) of $458,061, the properties offer a 5.00% cap rate. The properties are zoned C2 and are ideal for investors seeking immediate income and future growth potential in a thriving market. This is a 1031 exchange eligible offering. The properties are currently generating income, eliminating the lengthy process and associated costs of land acquisition and new construction. Bullhead City's popularity as a destination for both permanent residents and seasonal "snowbirds" further enhances the investment's long-term prospects. This turnkey operation provides a rare opportunity to acquire established, high-performing assets in a prime location. The APN numbers are 347-32-109A, 347-32-109B & 213-82-144.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,074,000
- AI Estimate
- $1,074,000
Market price range: $300k - $1.07MMarket price range: $300k - $1.07M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $710,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,745,000 Change: +145% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,275,000 Change: +79% Conversion: Easy
- MEDICAL BUILDING
- $1,255,000 Change: +76% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,175,000 Change: +65% Conversion: Difficult
- RETAIL STORES
- $1,175,000 Change: +65% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $1,170,000 Change: +64% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Bullhead City
- County
- Mohave
- State
- Arizona
- Longitude
- -114.548
- Latitude
- 35.166
- CBSA code
- 29420
- CBSA name
- LAKE HAVASU CITY-KINGMAN, AZ MICROPOLITAN STATISTICAL AREA
