Listed by Clay & Company
Unpriced
121 Units / Coastal Demand / Operator Upside
Details
Property Type Self Storage
Sub Type Retail, Speciality
Square Footage 11,705
Units 121
Cap Rate 6.24%
NOI $62,088
Occupancy 94%
Acreage 0.420
Occupancy Date 02/12/2024
Owner Opportunity with Immediate NOI Growth + Lease-Up Potential
Marketing description
- 121 Units
- ~11,705 SF
- ~1.38 Acres
- Drive-up storage configuration
- Fully fenced with gated access
- Parking/storage areas fully utilized
Investment highlights
- ~45% NOI Upside through expense reduction
- Lease-Up Opportunity: ~82% → 90%+ occupancy
- Revenue Upside via Covered Parking Conversion
- Simple, Low-Maintenance Asset
- Strong Coastal Demand (Boat/RV Storage)
- Easy to Operate (Remote Systems in Place)
- Optional On-Site Office for Hands-On Owners
- No Rent Increases in 2+ Years.
Listing Contacts
Listed by Clay & Company
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$62,088.00
$5,174.00/mo
Valuation Metrics
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