Property details

Florida Mini Storage Portfolio For Sale, Southeast Region

Property Description

Located in an Income Tax Free State!     

Florida Mini Storage Portfolio For Sale

Once in a lifetime opportunity to substantially add to, or break in to the strong Florida Storage market.

Rare, Value-Add Opportunity

Rents are below market

$92MM Firm Price

134 Total Bldgs

Over 5,750 units

Over 815,000 square feet

Pro forma NOI: $5,000,000

Major family owned Florida Storage Portfolio

Located in the major Florida MSA's

Major migration from Tax heavy and union heavy states, international immigration from Europe and South America

High Barriers To Entry Locations - Limited availability of land to build quality mini storage facilities of this caliber

All Facilities are outside of any Flood Zones

Over 90% occupancy at all facilities

This portfolio is priced Net To Owner. Buyer is responsible for a 3.00% brokerage fee



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Highlights

Status:
Available
Price:
$92,000,000
Cap Rate:
5.43%
 

Property Information

Property Type:
Storage Properties
Industry Type:
Self Storage - Mini Storage
Units/Spaces:
5750
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.