2601 Laughlin Vw Dr Bullhead City, AZ 86429-5867

Property Details for 2601 Laughlin Vw Dr

Year built

2020

Lot size

1.25 lot acres

Property size

10,790 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

347-32-109A

APU

34732109A

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.

Location Insight

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

Property Tax & Assessments