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33344122
33344130

13346 Us Highway 90, Live Oak, FL 32060 For Sale

KC
FL SL3636547, AL AL 000137811
SVN Southland Commercial
KA
2013003740
SVN | Wilson Commercial Group, LLC
Listed by SVN Southland Commercial, SVN | Wilson Commercial Group, LLC
$1,200,000
46 days on market
Updated 6 days ago

Live Oak Freedom Storage

Details
Property Type Self Storage
Square Footage 16,872
Units 111
Cap Rate 8.58%
NOI $103,000
Occupancy 90%
Tenancy Multi
Lease Type Gross
Price per SqFt $71
Year Built 1996
Year Renovated 2024
Acreage 1.880
Investment Type Stabilized

9% Cap Rate - 90% Occupied - New Roofs and Siding!

Marketing description

The Live Oak facility features 111 units totaling 16,074 square feet, including a warehouse on I-88 acres. The property has also undergone extensive inversion potential, or additional rentable lighting. The small warehouse provides flexible conversion potential, or additional rentable space, further enhancing the investments upside. Located on a corner lot on US Highway 90 with over 8,600 vehicles per day and close proximity to Publix and other major retailers, the site enjoys a strong consumer draw and daily traffic flow. Over 90% occupancy!

This Property is strategically located in Live Oak, Florida, a growing North Florida market with strong regional demand. Live Oak and the surround countiies have a growing population of over 250,000 including Columbia and Suwannee counties and they serve as a regional hub with major employers such as Anderson Columbia, Florida Gateway College, and HUB Industrial Supply. The city also supports robust retail activity while household growth and rising rental demand support continued self-storage need. Live Oak, the county seat of Suwannee County, has a population of about 7,000, with a broader service area exceeding 40,000, and is supported by employers including First Federal Bank of Florida and the Suwannee County School District. Easily accessible via I-75 and only an hour from Jacksonville, Gainsville, and Talahassee. Limited local competition positions the property for ongoing growth and value add opportunities.


Investment highlights

  • Growing county area with over 40,000 people.
  • High Traffic & Visibility on US 90 (~8,600 VPD)
  • Retail Corner Location near Publix
  • 90% Occupied!
  • Only 1 Hour from Jacksonville and Gainesville

Listing Contacts

KC
FL SL3636547, AL AL 000137811
SVN Southland Commercial
KA
2013003740
SVN | Wilson Commercial Group, LLC
Listed by SVN Southland Commercial, SVN | Wilson Commercial Group, LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$103,000.00
$8,583.33/mo

Valuation Metrics

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DSCR
8.58%
Cap Rate
8.58%
ROI

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Additional Information

Name
Kateleigh Calloway
License
SL3636547
Title
Florida
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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