Listed by Marcus & Millichap - Columbus
$2,650,000
StoragePup - Mexico Beach
Details
Property Type Self Storage
Square Footage 51,603
Units 359
Cap Rate 7.96%
NOI $211,028
Occupancy 70%
Pro-Forma Cap Rate 13.10%
Pro-Forma NOI $347,091
Price per SqFt $51
Year Built 1998
Buildings 5
Acreage 5.800
Sale Condition N/A
Self-Storage | 359 Units | $51/Sqft
Marketing description
Marcus & Millichap is pleased to offer for sale StoragePup located in Mexico Beach, Florida. This property is listed along with three others that can be purchased together or separately. This site features 97 non-climate units, 55 climate-controlled pod units, 108 non-climate pod units, one office, and 98 outdoor parking spaces totaling 359 units and 51,603 net rentable square feet.
Investment highlights
- Mexico Beach, Florida Self-Storage Offering
- 51,603 Net Rentable Square Feet
- 97 Non-Climate Units, 55 Climate-Controlled Pod Units, 108 Non-Climate Pod Units, One Office, and 98 Outdoor Parking Spaces
- Affluent Market: Average Household Income of $96,665 of People Living Within a Five-Mile Radius
- Growing Surrounding Population: Over 12 Percent Increase Since 2010 Within a Five-Mile Radius
- Located About 40 Miles Southeast of Panama City Beach, Florida
Listing Contacts
Listed by Marcus & Millichap - Columbus
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$211,028.00
$17,585.67/mo
Valuation Metrics
0
DSCR
7.96%
Cap Rate
7.96%
ROI
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