Pensacola Self-Storage FOR SALE


Pensacola, FL - South Pensacola
$1,600,000 USD
407-924-1408
, Pensacola, FL for Sale
$1,600,000 USD
FOR SALE
1/12
null | 6.57% Cap Rate

Pensacola Self-Storage
Pensacola, FL
South Pensacola


HIGHLIGHTS

  • Seller Financing Available: Current cash flow offers an investor a strong cash-on-cash return with $750,000 down | CASH-ON-CASH RETURN: 6.34%
  • Attractive Location: 2.0 Net Rentable ft2 Per Person in a 1-Mile Radius (Radius+ compass report)
  • Diversified Unit Mix: Facility is comprised of traditional drive-up units, 2 parking lots, and an office complex with commercial spaces
  • Upside through standardizing rents / raising below-market rents to market rates & retrieving rental income from uncollected units
  • Roughly 1.4-acres of dedicated open-field parking for expansion of boat & RV parking or additional storage buildings
  • Excellent Visibility: Situated on North Pace Boulevard with 19,800+ AADT | 141,022 Residents within 5-miles

OVERVIEW

SELLER FINANCING AVAILABLE | CASH-ON-CASH RETURN: 8.91% PRICE REDUCTION Current Cap Rate: 6.57% Year 1 Cap Rate: 8.87%

ASK ABOUT THIS PROPERTY

Christopher TravisRipco Real EstateMore Info
407-924-1408

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Christopher TravisRipco Real EstateMore Info
407-924-1408

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.