Frankford Avenue Storage

1717 Frankford Avenue Panama City, FL 32405

1717 Frankford Avenue, Panama City, FL, 32405
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FOR SALE
Property Type:
Self Storage
Amount:
$1,999,000
Last Verified:
Jul 29, 2024

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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.

Building Size: 23129sq ft
Lot Size: 1.91 acres

Map of 1717 Frankford Avenue, Panama City, FL, 32405

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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:

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  • 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.