Frankford Avenue Storage
1717 Frankford Avenue
Panama City, FL 32405
Highlights
- 223± Unit Complex in the Heart of Panama City
- Average Monthly Gross Income North of $16,000
- 50 New Units Recently Completed
- More than 2,500 Roofs Within One Mile
- On Site Office & Smart Fence w/ SiteLink Connectivity Available
Description
Presenting a freshly renovated 223± unit self-storage complex, enhanced with 50 new units. Boasting an on-site office, digital signage, and electric access control gates with SiteLink synchronization available, this investment appeals to both corporate investors and owner-operators. While occupancy is currently at 72% and trending upwards post-expansion it is yet to stabilize, providing potential for cap rates north of 10.0% once reaching market vacancies. Ideally situated between the area's major east/west commercial arteries, 15th Street and 23rd Street, this facility is nestled in the heart of Panama City's housing landscape. Reach out today for additional information.
Two blocks north of 15th Street on Frankfort Avenue. Located between 15th Street and 23rd Street with lighted intersections at both.
