Porterfield Mini Storage

RIPCO Investment Sales is pleased to offer for sale Porterfield Mini Storage in Gainesville, Florida.​ Built in 2005, the property features 28 climate-controlled storage units and 57 standard self-storage units for a total of 85 units.​ Measuring 11,980 gross square feet, the property not only provides a mix of storage unit sizes but also presents expansion possibilities, offering the ability to add four, 10’ x 20’ units.​ The existing self-storage facility is situated on 1.00 acre with room for the planned expansion.​ Additional upside can be achieved through standardizing rents and raising rents to market value.​

Investors can capitalize on the upside potential through tenant insurance and rental increases, ensuring a lucrative venture.​ Moreover, seller financing is available, facilitating a seamless acquisition process.​ Porterfield Mini Storage is your gateway to a strong market, promising a blend of strategic location, diverse offerings, and expansion opportunities.​

Porterfield Mini Storage is conveniently located near numerous national retailers and hotels, approximately 4 miles from The University of Florida and 5 miles from the Gainesville Regional Airport.​ Gainesville is the county seat of Alachua County and the most populous city in North Central Florida.​ The city is home to The University of Florida, the fourth-largest public university campus by enrollment in the United States, and the Shands Hospital at UF.​ The University of Florida is the leading employer in Gainesville and employs many residents in surrounding counties.​ In addition to the excitement of college sports, Gainesville is known for its preservation of historic buildings and the beauty of its natural landscape.​ Gainesville offers world-class museums, performing arts, live music, a diverse culinary scene and 8 state parks with more than 100 miles of trails for biking, birding and hiking.​

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  Expansion Opportunity: Potential to increase revenue by adding storage units | 800 SF of vacant climate-controlled space currently underutilized | Opportunity to develop four (4) new 10’x20’ climate-controlled units with roll-up doors

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  Further Upside Potential: Opportunity to increase NOI by standardizing & raising rental rates to market levels

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  Solid inventory: 85 Total storage units | 11,980 GSF | 9,660 GRS

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  Ideal location: Located approximately 4 miles from The University of Florida & 5 miles from the Gainesville Regional Airport

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  History of High Occupancy: 90%+ occupied throughout the past 20 years under current ownership | Located north of the university, the property is insulated from the seasonality of student-driven demand, benefiting from Gainesville’s stable local population