Live Oak Freedom Storage
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
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