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14583466
28715520

8787 S Suncoast Blvd, Homosassa, FL 34446

JK
FL FL SL3519490
Ripco Real Estate
CT
FL BK3165641
Ripco Real Estate
Listed by Ripco Real Estate
$9,500,000
68 days on market
Updated 1 day ago

Homosassa Storage

Details
APN 17E20S240010 000D0 0260
Property Type Self Storage
Sub Type RV / Boat Parking
Square Footage 50,700
Net Rentable (SqFt) 43,775
Units 485
Cap Rate 6.00%
Occupancy 96%
Tenancy Multi
Lease Type Gross
Price per SqFt $187
Year Built 3 Buildings: 2000 | 4 Buildings: 2018-2023
Buildings 7
Stories 1
Acreage 5.430
Investment Type Stabilized

Easy to Manage and Well Performing Facility | 6% Cap Rate

Marketing description

RIPCO Investment Sales is pleased to offer for sale Homosassa Storage 8787 S Suncoast Blvd, Homosassa, Florida. The facility features 485 total units including 175 non-climate units, 190 climate units and 120 RV/Boat uncovered parking spaces. Three of the storage buildings were built in 2000 and the remaining 4 buildings were built in the last four years. Measuring 50,700 SF Under Roof and roughly 1 acre of dedicated outdoor parking, Homosassa Storage is currently 96% physically occupied. Situated on 5.43 acres, the facility has a perimeter fence and gated entry for additional security.

On Florida’s Gulf Coast, near the southern end of Florida’s Big Bend, Homosassa is a natural wonder where manatee watching, paddling, scalloping and fishing are the star attractions. An original Florida fishing town, few places can match the feeling of the Gulf Coast better than Homosassa, Florida. The centerpiece world-famous Ellie Schiller Homosassa Springs Wildlife State Park which features rescued and rehabilitated native Florida wildlife is deep beautiful Homosassa Spring–a second magnitude spring that attracts manatees, fish of all kinds, and people. Descend underwater without ever getting wet in the Fishbowl Observatory. Or take a manatee tour to Blue Waters just outside the park and swim with a manatee. It’s an experience you’ll never forget. Homosassa is an amphibious community and people here live and play on the water. Nowhere do you get this vibe better than on the Old Homosassa waterfront. Three heralded resorts: Homosassa Riverside Resort, MacRae’s of Homosassa and Seagrass Waterfront and Resort provide excellent food, lodging and adventure right at river’s edge. Homosassa is one of Florida’s top sport fishing destinations. It’s also a working commercial fishing port on the Gulf of Mexico. You can get fresh seafood right off the boat at Shelley’s Seafood and Fish Market and the Cedar Key Fish and Oyster Company, home of one of Florida’s most famous hole-in-the-wall seafood joints: The Freezer Tiki Bar.

This an excellent opportunity for an investor to acquire a self-storage property that offers additional upside by self-managing the property and continuing to raise rental rates. Florida is one of the most desired states for self-storage investments. No state income tax, coupled with the fact that most homes in Florida do not have basements, attics are too hot to store valuables, creates a tremendous opportunity to acquire a trophy property, with a positive outlook.

Please contact lead agent, Chris Travis (CTravis@ripcofl.com | 407.924.1408) for details on this listing.

Investment highlights

    • Well-Maintained & Stabilized Self-Storage Offering in Homosassa, Florida
    • 50,700 SF Under Roof and Roughly 1 Acre of Dedicated Outdoor Parking | Roughly 43,775 NRSF
      • 485 Total Units: 175 Non-Climate Units, 190 Climate-Controlled Units & 120 RV/Boat Uncovered Parking Spaces
        • Situated on 5.43 Acres in Florida’s Citrus County
          • State-of-the-Art Security Features
            • High Barrier of Entry with Premiere Retail Type of Location
              • On-Site Sales Office
                • Facility Offers Easy Access to the Several Boat Launches

                  Listing Contacts

                  JK
                  FL FL SL3519490
                  Ripco Real Estate
                  CT
                  FL BK3165641
                  Ripco Real Estate
                  Listed by Ripco Real Estate

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                  Additional Information

                  Name
                  Jack Kaiser
                  License
                  FL SL3519490
                  Brokerage
                  RIPCO
                  Title
                  Self Storage
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