Property History
Property Type
Property Type
Marketing Description
Out O' Space Storage allows an investor to enter the 10th most populous county in Florida, Brevard County, with an attractive self storage facility located approximately 35 miles from downtown Orlando. Out O' Space Storage offers 240 climate controlled self storage units spread across 27,100 net rentable square feet in addition to 9 parking spaces at 2,250 net rentable square feet. As of January 24, 2022, the facility was 94.30% physically occupied.
The facility is located at (and visible from) Palm Bay Road NE which boasts a high combined traffic count of 34,580 vehicles per day. There is strong development in the area with 1,745 residential units in planning or development within 5 miles.
Less than three miles from the facility is a well-known recreational area called Palm Bay Point where the locals frequently boat, fish, ski, paddle board, windsurfing and so much more. According to Niche.com, Palm Bay is 8th on their "Best Cities to Buy a House in America." Living in Palm Bay offers residents the suburban feel with small businesses and family-forward neighborhoods in addition to being only 30 minutes from the beach.
Investment Highlights
- Unbeatable Location on Major Artery Through Palm Bay
- Population over 131k and Nearly $70k average household income in 5 Mile Radius
- Nearly 35k Vehicles Per Day.
- 3,421 Future or Recently Delivered Multifamily and Single Family Residential Units in 5 Mile Radius
- Very Strong Projected Annual Population Growth
- Significant Management Upside with both Current Street Rates Under Market and Existing Tenants in at Discounted Rates
- 100% Climate Controlled
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Property Details
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Contacts
Listing removed on
BY:
Nick Walker
•••.•••.3223
••••.••lker@••••.com
Map
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Rental Market Overview
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