Copper Mountain Self Storage was built in 2008 and for 2 of those years the property was operated by Towne Bank of Arizona and the FDIC.  Towne Bank took it from the original development partnership and then the  FDIC  operated the property when they assumed control of Towne Bank.  Currently the property is 30% occupied. The Pro-forma operating statement below is based on the facility acheiving a stabalized occupancy rate of 88%.

 

Unit Size	SqFt/Unit	# of Units	Price	SqFt/Size	Price/SqFt/Mo	Potential Income/Month
5×5	25	2	$36.00	50	$1.44	$72.00
5×5 AC	25	23	$42.00	575	$1.68	$966.00
5×10 AC	50	55	$72.00	2,750	$1.44	$3,960.00
10×5	50	12	$52.00	600	$1.04	$624.00
10×5 AC	50	38	$72.00	1,900	$1.44	$2,736.00
5×15 AC	75	12	$90.00	900	$1.20	$1,080.00
10×10 AC	100	91	$110.00	9,100	$1.10	$10,010.00
10×10	100	27	$80.00	2,700	$0.80	$2,160.00
10×15 AC	150	24	$140.00	3,600	$0.93	$3,360.00
10×15	150	21	$110.00	3,150	$0.73	$2,310.00
15×10 AC	150	4	$140.00	600	$0.93	$560.00
10×20 AC	200	16	$175.00	3,200	$0.88	$2,800.00
10×20	200	41	$130.00	8,200	$0.65	$5,330.00
15×15 AC	225	3	$180.00	675	$0.80	$540.00
15×15	225	1	$140.00	225	$0.62	$140.00
10×30	300	8	$175.00	2,400	$0.58	$1,400.00
15×20	300	1	$175.00	300	$0.58	$175.00
15×30	300	8	$247.00	2,400	$0.82	$1,976.00
25×20	500	1	$265.00	500	$0.53	$265.00
15×40	600	8	$325.00	4,800	$0.54	$2,600.00
20×40	800	4	$400.00	3,200	$0.50	$1,600.00
RV 20	N/A	23	$50.00	N/A	N/A	$1,150.00
RV 30	N/A	66	$70.00	N/A	N/A	$4,620.00
RV 35	N/A	28	$80.00	N/A	N/A	$2,240.00
RV 40	N/A	15	$85.00	N/A	N/A	$1,275.00
RV 50	N/A	13	$85.00	N/A	N/A	$1,105.00
Totals		545		51,825	$1.06	$55,054.00
Price	$3,250,000			Annual Gross Potential Rent		$660,648.00
				Plus  Fees		$24,000.00
CAP	13.83%			Gross Potential Revenue		$684,648.00
				Less economic vacancy (12%)		$82,157.76
				Expected Income		$602,490.24
				Less Operatining Expenses		$153,084.00
				Net Operating Income		$449,406.24
				Expenses
				Advertising		$6,800
				Administration		$4,300
				Utilities		$11,632
				Payroll (Inc Taxes)		$28,300
				Property Tax		$54,352
				Repairs/Maint		$6,000
				Insurance		$5,000
				Management Fee (6%)		$22,200
				Misc		$14,500
				Operating Expenses		$153,084