Property Details

Address: 37049 Range Road 375, Red Deer County, AB
Status: For Sale
Price: $3,500,000
Price Per Door: $6,616
No. of Units: 529
Cap Rate: 7.20%

South End Storage is a Self-Storage and RV Storage facility located at 37049 Range Road 275 in Junction 42 10 kilometers south of the City of Red Deer. The entire Junction 42 area encompasses 10 quarter sections surrounding the Highway 2 and Highway 42 interchange and is intended to supplement the County’s industrial and commercial parks surrounding Red Deer, some of which are currently approaching full build out. This strategic location allows for businesses to connect to the world with easy access to major international air, rail, and ground transportation routes.

The storage facility predominantly consists of outdoor RV Storage, with 468 individual stalls. The RV stalls are 12’ wide and are designed for easy parking with extra spaces between rows. There is an 40’x60’ quonset used for indoor unheated vehicle, motorcycle, boat, and ATV storage.

The facility was built in 2006 and has been renovated throughout the years. It is a fully graded and gravelled yard complete with a fence, coded security gate entrance, and 24 hour surveillance cameras. The site uses well water, and offers a sani-dump station.

The on-site residence is a two storey bungalow with a partially finished basement. The kitchen has stainless steel appliances and a large open floorplan. The house consists of two bedrooms and two bathrooms. The upstairs living room features a large fireplace and hardwood flooring. The basement features a beautifully rustic rock wall with a wood-burning stove. There is a raised patio adjacent from the kitchen, and the lot is well treed.

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