Skip to main content

Self-Storage Facility

Storage World & Car Wash

10522 State Rd 52, New Port Richey, FL 34654

Listing Price: $8,000,000

Cap Rate
4.56%
Number of Units
299
Occupancy
88.0%
Gross SF
38,067
Rentable SF
38,067
Price/Rentable SF
$210.16
Year Built
1998

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Storage World & Car Wash located in Hudson, Florida. The facility consists of 159 climate-controlled units and 140 non-climate-controlled units totaling 38,067 net rentable square feet. There are also 101 parking spaces available for rent. The seller is completing an 80-parking spot expansion on Lot 2, that will be delivered Dec 1, 2022. This is a stabilized cash flowing facility that is currently 88 percent physically occupied. The property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from a rapidly growing surrounding population. The population within five miles of the facility is 100,173, which represents a 29 percent increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as restaurants and retail stores. This offers the facility great street frontage and high daily traffic counts of around 31,000 cars per day off State Road 52. Storage World & Car Wash is being offered for $8,000,000 or $210.16 per rentable square foot.

Investment Highlights

  • Tampa, Florida MSA Self Storage Offering
  • 38,067 Net Rentable Square Feet
  • 159 Climate-Controlled Units | 140 Non-Climate-Controlled Units | 101 Parking Spaces
  • The Seller is Completing an 80-Parking Spot Expansion on Lot Two, That Will be Delivered Dec 1, 2022

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

Storage World & Car Wash

Listing Price: $8,000,000

Cap Rate
4.56%
Number of Units
299
Occupancy
88.0%
Gross SF
38,067
Rentable SF
38,067
Price/Rentable SF
$210.16
Year Built
1998

Investment Highlights

  • Tampa, Florida MSA Self Storage Offering
  • 38,067 Net Rentable Square Feet
  • 159 Climate-Controlled Units | 140 Non-Climate-Controlled Units | 101 Parking Spaces
  • The Seller is Completing an 80-Parking Spot Expansion on Lot Two, That Will be Delivered Dec 1, 2022

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Storage World & Car Wash located in Hudson, Florida. The facility consists of 159 climate-controlled units and 140 non-climate-controlled units totaling 38,067 net rentable square feet. There are also 101 parking spaces available for rent. The seller is completing an 80-parking spot expansion on Lot 2, that will be delivered Dec 1, 2022. This is a stabilized cash flowing facility that is currently 88 percent physically occupied. The property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from a rapidly growing surrounding population. The population within five miles of the facility is 100,173, which represents a 29 percent increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as restaurants and retail stores. This offers the facility great street frontage and high daily traffic counts of around 31,000 cars per day off State Road 52. Storage World & Car Wash is being offered for $8,000,000 or $210.16 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

MM Texture Background
MM Textured Background Lower