Oakridge Self Storage
Self Storage | Seller Financing | 8% CAP Potential | 19 Units
Marketing description
SELLER FINANCING is available with favorable rates. The Infantino Group in conjunction with Denovo Realty is excited to present the Oakridge Storage Facility a 17-unit storage facility in the rapidly growing market of Melbourne, Florida. The Oakridge Storage Facility consists of three buildings with ground floor garage bay storage. The storage facility is 100% leased. This is a great opportunity to own a well established turnkey PROFITABLE storage facility maintaining a low expenses ratio that is under 20%. This opportunity provides additional growth potential with untapped storage and office rental opportunities above the main units. Located in the heart of Melbourne, minutes from Downtown Melbourne and the Florida Institute of Technology, Oakridge Storage benefits from numerous demand drivers. This property offers a rare opportunity of secure income and expansion of upside potential.
Investment highlights
Fully leased storage unit with upside potential of 1,000 SF office space and two additional 432 SF spaces available to build out. This space should provide an additional monthly rental income of $2,500 - $3,500. The main structures were built in 2008 utilizing concrete block construction and metal roofs.
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