This Property is no longer advertised on Showcase.com.
Off Market
1/5

231 Cardinal Dr
Ormond Beach, FL 32176


HIGHLIGHTS

  • 100% occupied
  • Entire facility operated through Sitelink
  • Each tenant has an access code to access the front foor

OVERVIEW

*** Please review google earth and or map of location *** 112 climate Controlled Storage Units This is the only storage complex east of intercostal waterway in Ormond and Daytona Beach. The complex has been and continues to be 100% occupied based on the fact that there is ZERO competition in the area. This will be a trophy property for anyone that owes in… I currently spend about an hour a month managing it as very few people move in and out, 70% or so tenants are on credit cards and the entire site is managed by Sitelink Web Edition. This complex currently does not and will never have a large storage competitor. Buyers' upside on this property is the rent roll. Currently the annual rents are below market. Buyer should move the current rent roll to just above market to take advantage of the location. With buyers upside the current net income with be $98,494.04 a year! This one story all concrete building (walls and roof) was just caulked, sealed and painted in January of 2022. Unit sizes range from 5X5 to 12X14. NOI on the Proforma (or after rent is increased to market) will be $98,494.04

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Only Storage Complex on the Beachside !

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

6634

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.15 AC AC

LAND SF

6,634 SF

ZONING

-

APN/PARCEL ID

4223-29-00-0010