171 Units for $500k - Florida Panhandle - 28.78ac. | Self Storage Business (+RE)

2855 Pate Pond Road Caryville, FL 32427

FOR SALE
Property Type:
Street Retail
Amount:
$500,000
Last Verified:
Oct 27, 2020

Highlights

  • * Total Rentable Sq.Ft: 12,0000
  • * Total Units: 171
  • * 0x0's, 5x5's, 5x10's, 10x10's, 10x20's
  • * Property Taxes: $4,237.48
  • * Est. Yrly. Income: $62,888.01
  • * Est. Op. Exp: $27,878.84 (or, 44.33%)
  • * Est. Net Income: $26,256.88 (@25% Vacancy)
  • * Occupancy Rate: 75%
  • * Cap Rate: 5.251%
  • * Level Lot (partially cleared)
  • * Parcel/Lot Size: 28.78 Acres (1,253,656.8 sq.ft.)
  • * Parcel/Lot Dimensions: [irregular shape, squared off]
  • * Gravel and Grass Access to Units
  • * Florida Panhandle
  • * Caryville, FL (Washington County)
  • * Intersection of two(2) paved state route highways
  • * Lots of Value Add Opportunity

Description

Abundant room for facility expansion. Six steel construction self storage buildings, comprising a total of 171 units (100' long and 20' deep) on over twenty-eight acres.

Office is a covered "lean-to" structure with information kiosk (non-automated) and two rentable storage lockers. The non-climate controlled buildings are fully fenced with an automated access gate. Road frontage along two sides of the parcel and located at a primary intersection between state route highways.

Unit Mix:

0x0 - 2 Units ("lockers") - $rate not given, suspect currently used by mgmt.

5x5 - 40 Units - $25, current rate

5x10 - 40 Units - $39, current rate

10x10 - 87 Units - $49, current rate

10x20 - 2 Units, - $99, current rate

* Level Lot (partially cleared)
* Parcel/Lot Size: 28.78 Acres (1,253,656.8 sq.ft.)
* Parcel/Lot Dimensions: [irregular shape, squared off]

* Gravel and Grass Access to Units

* Florida Panhandle
* Caryville, FL (Washington County)
* Intersection of two(2) paved state route highways


Year Built: 2006
Building Size: 12000.0sq ft
Lot Size: 28.78 acres

Map of 2855 Pate Pond Road, Caryville, FL, 32427

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.