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Self-Storage Facility

Apalachee Storage

2001 Apalachee Pkwy, Tallahassee, FL 32301

Listing Price: $4,900,000

Cap Rate
6.94%
Number of Units
706
Occupancy
90.0%
Rentable SF
79,755
Price/Rentable SF
$61.44
Year Built
2023

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Apalachee Storage located in Tallahassee, Florida. This facility will be converted and built in 2023 and will feature 79,755 net rentable square feet. This facility will benefit from a dense and growing surrounding population. Apalachee Storage sits on 4.84 acres of land and is located about Two miles from the Florida State Capitol.

Investment Highlights

  • Tallahassee, FL MSA Self Storage Offering
  • 79,755 Net Rentable Square Feet (Based on the Planned Phase 2 of 67,888 Net Rentable Square Feet)
  • Phase One: Completed Conversion of 11,868 Net Rentable Square Feet
  • Phase 2: Opportunity to Expand up to 240,000 Gross Square Feet (Multi-Story) or Drive-Up Buildings with up to 75,000 Net Rentable Square Feet

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Self-Storage Facility

Apalachee Storage

Listing Price: $4,900,000

Cap Rate
6.94%
Number of Units
706
Occupancy
90.0%
Rentable SF
79,755
Price/Rentable SF
$61.44
Year Built
2023

Investment Highlights

  • Tallahassee, FL MSA Self Storage Offering
  • 79,755 Net Rentable Square Feet (Based on the Planned Phase 2 of 67,888 Net Rentable Square Feet)
  • Phase One: Completed Conversion of 11,868 Net Rentable Square Feet
  • Phase 2: Opportunity to Expand up to 240,000 Gross Square Feet (Multi-Story) or Drive-Up Buildings with up to 75,000 Net Rentable Square Feet

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Apalachee Storage located in Tallahassee, Florida. This facility will be converted and built in 2023 and will feature 79,755 net rentable square feet. This facility will benefit from a dense and growing surrounding population. Apalachee Storage sits on 4.84 acres of land and is located about Two miles from the Florida State Capitol.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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