Frankford Mini Storage
PRICE REDUCTION | ASSUMABLE LOAN 5% I/O, 24 MONTHS, $1,400,000
Marketing description
RIPCO Investment Sales is pleased to offer for sale Frankford Mini Storage located in Panama City, Florida. Frankford Mini Storage comprises 223 traditional drive-up self-storage units and measures ±26,924 gross square feet. Situated in rapidly growing Bay County, the facility sits on ±1.909 acres and offers convenient access to regional hubs including Tallahassee (105 miles), Pensacola (101 miles), and Destin (52 miles). With 11 housing developments planned within 5 miles of the properties, a new operator stands to capture significant increase in lease-up activity and stabilize the physical occupancy. Please see listing agent for details on the assumable loan.
Panama City, the largest city between Pensacola and Tallahassee in Northwest Florida’s Panhandle, is known for its coastal charm and vibrant combination of history, arts & culture, and outdoor experiences. Positioned along U.S. Highway 98 on the Emerald Coast, Panama City is the most populated city and a principal city of the Panama City–Panama City Beach, Florida Metropolitan Statistical Area. Panama City’s Tyndall Air Force Base supports jobs and contributes to Panama City’s growth, with military personnel and their families being significant economic drivers in the area.
As of December 2025, Port Panama City had a direct $1.6 billion economic impact, creates 11,000 jobs annually, and serves as an economic and supply chain hub that expands its spokes throughout the world. With two major infrastructure projects currently in the pipeline, Port Panama City’s economic impact is poised to strengthen even further. Panama City’s real estate market has also seen significant growth, driven by demand for vacation homes, hotels, and rental properties. The city’s development efforts, especially after Hurricane Michael (2018), have led to a boom in construction, with new developments aimed at both residents and tourists.
This offering presents a compelling opportunity for investors to acquire a well-maintained self-storage facility, allowing for significant upside. The potential for increased profitability lies in increasing marketing efforts to improve the physical occupancy. Frankford Mini Storage is your gateway to a promising blend of strategic locations and diverse inventory offerings.
Investment highlights
- Price Reduction
- Strategically Positioned Self-Storage Facility: Centrally located along Florida’s Gulf Coast, Panama City offers convenient access to regional hubs, including Tallahassee (105 miles), Pensacola (101 miles), and Destin (52 miles), enhancing connectivity and supporting consistent demand
- Assumable Loan: 5% I/O, 24 Months, $1,400,000 | Please see listing agent for details
- Upside Potential: Unlock value through increasing marketing efforts to improve physical occupancy and stabilize the facility
- Diverse Inventory: 223 Total units | ±26,924 Combined Gross SF | Diversified unit mix of traditional drive-up self-storage units
- Excellent Demographics & Visibility: Located in rapidly growing Bay County, Panama City benefits from continued in-migration from retirees, military, and remote workers | Adjacent to U.S. Route 98/15th Street with 33,500+ AADT
- Desirable Location: Strategically located near Tyndall Air Force Base, undergoing a $4.9B rebuild to support advanced F-35A operations, driving population and economic growth
- Planned Housing Developments: 11 housing developments are planned within approximately 5 miles of the property (TractIQ Report 5/12/26) | A new operator stands to capture significant increase in lease-up activity and stabilize the physical occupancy
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