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28167282
28167283

1350 Lake Washington Rd, Melbourne, FL 32935

DE
FL FL BK150123
Evans Butler Realty Inc
Listed by Evans Butler Realty Inc
$3,500,000
214 days on market
Updated 26 days ago

A1 Storage

Details
Property Type Self Storage
Sub Type Light Industrial
Square Footage 29,000
Cap Rate 6.66%
NOI $233,080
Occupancy 97%
Price per SqFt $121
Broker Co-Op Yes
Class C
Year Built 1983, 1985
Year Renovated 2025
Buildings 2
Stories 1
Acreage 1.530
Zoning M-1 (Light Industrial) Melbourne
Investment Type Owner/User
Occupancy Date 11/04/2025
Ceiling Height 10 and 16
Ownership Fortier Slips

Self Storage | 6.66% CAP

Marketing description

Investment Opportunity! Own an established indoor, air-conditioned self storage business. The chain link fenced rental units vary in size from 15 sq. ft. to 132 sq. ft. The fenced rental units are 8' in height. The facility stays air conditioned as do all the contents in the units as opposed to a standard climate controlled indoor storage building. The southern portion of 1350 Lake Washington Road consisting of 3,000 (50' x 60') is currently flex space with office with two rest rooms and with mezzanine storage above plus a 16' height warehouse area with overhead door and personnel door access. Market rental including electric is estimated at $16.00 per sq. ft. annually. The balance of the 9,000 sf building has the self storage units and the insulated ceiling dropped in height to 10'. 1360 Lake Washington Road is 100' x 200' and is a 10' height building with insulated ceiling and walls. The site features concrete drives and parking areas. Security system includes cameras and 6' fenced perimeter. The double gate adjacent to the road prevents access after hours. There are 22 striped parking spaces (the balance of the 40 spaces are unstriped) and 10' x 12' dumpster area. Bollards protect the building walls from vehicle damage. The roofs were resurfaced in 2024 and 2025. Both have a 20 year warranty with the manufacturer GAF. The Security Cameras are with ADT/Everon with a DVD recording capability. ATP monitors the doors. The concrete parking lot was redone in 2018.

Investment highlights

Building Size29,000 Square Feet

Land Size1.53 Acres

ZoningM-1 Light Industrial Melbourne

Water Melbourne

Sewer Melbourne

Electric FPL

Year Built 1985

Construction Steel Truss, Metal Walls RoofEnamel Metal with membrane

Two Buildings20,000 plus 9,000

Ceiling Height 10' and 16'

Fencing Yes, fenced with locking gate

1350 Lk Washington built in 1983, 16' eave height,

1360 Lk Washbuilt in 1985, 10' eave height.

Listing Contacts

DE
FL FL BK150123
Evans Butler Realty Inc
Listed by Evans Butler Realty Inc

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$233,080.00
$19,423.33/mo

Valuation Metrics

0
DSCR
6.66%
Cap Rate
6.66%
ROI

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Additional Information

Name
Daniel Evans
License
FL BK150123
Brokerage
Evans Butler Realty, Inc
Brokerage Phone
3217271000
Title
Real Estate Broker
Brokerage Address
1698 West Hibiscus Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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