Self-Storage Complex for Sale

8990 W Beaver St Jacksonville, FL 32220

8990 W Beaver St, Jacksonville, FL, 32220
8990 W Beaver St, Jacksonville, FL, 32220 8990 W Beaver St, Jacksonville, FL, 32220 8990 W Beaver St, Jacksonville, FL, 32220 8990 W Beaver St, Jacksonville, FL, 32220 8990 W Beaver St, Jacksonville, FL, 32220 8990 W Beaver St, Jacksonville, FL, 32220 8990 W Beaver St, Jacksonville, FL, 32220
FOR SALE Incentives
Property Type:
Self Storage
Amount:
$925,000
Last Verified:
Aug 24, 2017

Highlights

  • Built in 2009 and in excellent condition
  • Electric gate with key code access
  • High visibility along on US-90
  • Value-add through management, creating a web-site, filling vacancies, and below market rent rates
  • Located less than 1 mile from the interstate

Description

Eatmon Self Storage is a 77 unit two building self-storage complex that is being offered for sale for the first time. Built in 2009, the complex has a mix of (44) 10'x10' units and (33) 10'x20' units, and a 1,000/SF building rented out to a welding company.

This self-storage offering is fully leased and offers an investor a stable cash flow. A new owner can benefit a great deal of upside due to the mismanagement from the current owner. The current owner does not have any on-line presence and does not run the property to it's full potential.

Located less than 1 mile from I-10 off the brand new interchange at Hammond Blvd exit, and approximately 1/2 mile west on W. Beaver St. The property is located along a major east/west roadway (US-90), and is strategically located in between I-295 and the new First Coast Expressway.


Year Built: 2009
Building Size: 12000.0sq ft
Lot Size: 0.98 acres

Map of 8990 W Beaver St, Jacksonville, FL, 32220

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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.