Corona Self Storage – Fort Mohave, Arizona

General Description

This investment opportunity was an income producing self storage facility which was leased to a mix of household and commercial storage tenants. The improvements consist of 10 buildings totaling 23,073 rentable square feet. There are one hundred thirty two units of drive up storage, zero units of climate controlled storage and thirteen parking spaces for storage of vehicles. Construction is both metal with metal exteriors, roofs and partitions and wood from with stucco exteriors, shingle roofs and drywall over frame interior partitions on a concrete foundation. Drive aisles are gravel. Access controls are composed of chain link fencing with a keypad controlled gate.

 Market Overview

The property is located in the Tri-State area of Arizona along the Colorado River. This community known for proximity to Laughlin Casinos, Colorado River recreation, and prevalence of second homes for southern Californians. The top three employers in Bullhead City are Laughlin Nevada Casinos, Bullhead City Elementary School District, and Western Arizona Regional Medical Center. The Laughlin/Bullhead International Airport is the only international airport in Mohave County. There are daily flights to and from Bullhead City and the airport has announced plans to extend the runway to 8,500 feet to accommodate even larger aircraft. This will make it the largest runway within a 90-mile radius. The property’s location benefits from direct street frontage, a clean appearance, large units for commercial customers and a location within the neighborhood it serves.

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