$2,124,000 USD
407-924-1408
1717 Frankford Ave
Panama City, FL 32405
St Andrews
HIGHLIGHTS
- Assumable Loan: 5% I/O, 24 Months, $1,400,000 | Please see listing agent for details
- Upside Potential: Unlock value through increasing marketing efforts to improve physical occupancy and stabilize the facility
- Diverse Inventory: 223 Total units | ±26,924 Combined Gross SF | Diversified unit mix of traditional drive-up self-storage units
- Located in rapidly growing Bay County, Panama City benefits from continued in-migration from retirees, military, and remote workers
- 11 housing developments are planned within approximately 5 miles of the property (TractIQ Report 3/17/26)
- A new operator stands to capture significant increase in lease-up activity and stabilize the physical occupancy
FOR SALE DETAILS
PRICE
$2,124,000 USD
PRICE/SF
$57 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Frankford Mini Storage
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Self-Storage Facilities
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1978
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.9 AC
LAND SF
82,764 SF
ZONING
PC09
APN/PARCEL ID
29385-000-000
ASK ABOUT THIS PROPERTY
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407-924-1408
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407-924-1408
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