Sunset Properties
Listed by Sunset Properties
$21,000,000
33601 US Hwy 98 Class A 77 acre Boat & RV Storage
Details
APN 05-52-05-22-0-001-001.000
Property Type Land, Self Storage
Sub Type Commercial
Square Footage 68,000
Units 11
Cap Rate 0.11%
NOI $22,100
Occupancy 83%
Pro-Forma NOI $21,000
Price per SqFt $309
Class A
Year Built 2024
Buildings 5
Stories 2
Lot Size (SqFt) 3,363,569
Zoning Storage
Investment Type Value Add
Sale Condition 1031 exchange
About This Property
Marketing description
Land • 77.215 Acres • 04/12/2022
Investment highlights
Currently 54,000 sq ft of boat and RV storage in 4 buildings. Master plan county approved for 32 additional buildings (384,000 sq ft) on the remaining 70 available acres. Located 1 mile from one of the nicest boat ramps in Baldwin County. Also 1 mile from Florida which is just over the bridge from Lillian. Electronic gate access and full security with LPR..
Built out, this will be one of the largest storage facilities in Baldwin County and has a tremendous future value. The location is high on a hill so no issues with possible flooding. Estimated value at build out 48.5 m
Listing Contacts
Sunset Properties
Listed by Sunset Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$22,100.00
$1,841.67/mo
Valuation Metrics
0
DSCR
0.11%
Cap Rate
0.11%
ROI
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