1950 Banks Rd - Self-Storage Facilities FOR SALE
Margate, FL 33063 |
678-576-1780
1950 Banks Rd
Margate, FL 33063
HIGHLIGHTS
- Very well-maintained facility achieving $2.48 per foot rental rates for the self-storage units
- Room to improve physical occupancy and increase revenue quickly. Current advertising spend is only $4,433 per year
- Rare NNN lease with a Top-3 Propane Company in the U.S. that runs for another 56 years with annual increases
- All of the non-climate units have interior lights and electrical outlets. Most of the tenants are contractors or small businesses that are willing to
- Mom-and-pop ownership and management for the last 20 years
- Dense surrounding population with over 155,000 people living within a 3-mile radius of the property
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Margate Self-Storage & Industrial Opportunity
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Self-Storage Facilities
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2012
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.98 AC
LAND SF
173,369 SF
ZONING
M-1A
APN/PARCEL ID
48-42-30-29-0040
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678-576-1780
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678-576-1780
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