Bisbee Mini Storage – Bisbee, Arizona

ALL PROPERTY TOURS MUST BE SCHEDULED IN ADVANCE THROUGH LISTING BROKER.

General Description

Bisbee Mini Storage is an income producing storage facility which is leased to a mix of household and commercial tenants.   All three buildings have been entirely refurbished over the last two years. Occupancy is steadily increasing.

The improvements are three buildings and several boat RV storage spaces. There are 90 units of drive up storage and currently there are 5 of parking spaces being leased for storage of vehicles, however there is adequate land to support much more vehicle storage.

Construction is concrete block with frame and metal interior partitions on a concrete foundation. The roof is of a pitched design with both metal and asphalt shingle on different buildings. Doors are a mix of metal swing and roll up doors. Drive aisles are gravel. Access controls are composed of chain-link fencing with a padlock controlled gate. The property currently uses Site Link as its management and rental software.

The property’s location benefits from exceptional visibility on Highway 92 and limited competition. Traffic counts in front of the property average 5,252 vehicles per day.

Market Overview

The City of Bisbee, AZ is located 93 miles Southeast of Tucson and 10 miles north of the US-Mexico Border. It is a well-known artist’s community whose architectural and historic heritage have been well preserved. As the county seat for the Cochise County, Bisbee is located at the center of the natural and historic beauty of region. The city has transformed itself into the ideal spot for tourism. It hosts numerous sites of interest ranging from the Art Deco style county courthouse, to the old Copper Queen Mine, which draws 43,000 visitors annually. There is even a two runway municipal airport servicing Bisbee. These benefits combined with “the most perfect year round climate” make it an attractive place to visit and a great place to call home.

The driving force of this small town’s economy, like many others in Arizona, has always been the mining industry. The recent resurgence of this industry in Bisbee has helped to boost the economy. Freeport-McMoRan has invested heavily in the community since 2013. This billion-dollar multi-national company has spent the last several years implementing a large scale reclamation project in the city. To date they have completed over 1200 acres of reclamation and are now turning their focus to south Bisbee where they are planning innovative reclamation projects to improve the city’s local infrastructure.

In recent years Bisbee’s tourist attraction has also been growing. Tourists are increasingly being drawn to this uniquely preserved old western town. For it is becoming well known for its rich mining history, beautifully preserved architecture, and close knit artistic community. Just this year, it was voted the number one historic small town by both USA Today and Sunset Magazine. The American Association of Retired Persons has highlighted Bisbee as one of the most alive places to retire in. Furthermore, as one of the oldest settlements in Arizona, Bisbee has maintained its early twentieth century character. The city hosts numerous special events throughout the year and its numerous museums and historical sites continue to attract more and more tourists every year.

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