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Kelly Road Mini Storage
Self Storage | 196 Units | $3,566/unit
Listing Contacts
License: FL 678851
Active
Asking Price: $699,000
Address
204 Kelly Rd, Niceville, FL 32578
Show on MapDate Added
May 10, 2024
Days on Market
315 days
Time Since Last Update
64 days
Details
Property TypeSelf Storage
Investment TypeValue Add
ClassB
Square Footage19,650
Net Rentable (sq ft)19,650
Price/Sq Ft$35.57
Cap Rate7.31%
NOI$51,116
Units196
Year Built1998 / 2005
Buildings16
ZoningC-2
Lot Size (acres)1.42
Broker Co-OpYes
APN01-1S-23-0000-0048-0030
Price/Unit$3,566.33
Ceiling Height10
Marketing Description
Value Add investment property in Central Okaloosa County, FL. Boasting a well-maintained 19,650 SF self storage complex boasting 196 units, this facility offers ample space for a thriving Self Storage business. Phase 1 built in 1998 and phase 2 built in 2005, the property is designed to meet the diverse needs of tenants. Zoned C-2 by the City of Niceville, this strategically located asset presents an ideal setting for an owner / investor seeking a robust and lucrative opportunity with tremendous upside. With its strategic location, this property is poised to deliver significant returns. Current rent roll is only at 75% occupied at what I believe are under market rent. This property is all non-climate controlled space.
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$51,116.00
$4,259.67/mo
Valuation Metrics
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0
DSCR
7.31%
Cap Rate
7.31%
ROI
Property History
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Due Diligence
Listing Contacts
- License: FL 678851
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