Self-Storage Facility
All In Storage - Delivered at C/O
11806 FL-121, Macclenny, FL 32063
Listing Price: $5,350,000
Investment Overview
Presented for sale by Marcus & Millichap is All In Self-Storage, a state-of-the-art self-storage facility under construction at 11806 FL-121, Macclenny, Florida 32063 which will be delivered to an investor upon Certificate of Occupancy. Occupying 3.2-acres, this facility is scheduled for completion on June 1st, 2024, and will comprise of both climate-controlled and traditional drive-up units. The completed project will feature 78 climate-controlled storage spaces and 260 conventional drive-up storage options, encompassing a total of 34,800 net rentable square feet. Additionally, it will cater to outdoor storage needs with 36 designated spaces for RV and boat parking.
Pricing for the units is competitive, averaging $1.25 per square foot for drive-up units and $2.08 per square foot for climate-controlled spaces. Situated in an area exhibiting minimal saturation of self-storage facilities and with no similar developments anticipated within a 10-mile radius, All In Self-Storage represents a unique opportunity. With the local demographic forecasted to expand by approximately 3.85% over the ensuing five years, the potential for growth in demand is significant.
Advantages of this property are further amplified by its excellent visibility and the ease of access granted by its FL-121 location. Upon project completion, the property will be outfitted with security enhancements, including surveillance cameras, perimeter lighting, and a gated access system, allowing the prospective owner to concentrate their efforts on the leasing operations.
Investment Highlights
- Brand New Climate-Controlled and Drive-Up Facility
- Certificate of Occupancy To Be Delivered June 1st, 2024
- Facility will consist of 78 Climate Controlled and 260 Drive-Up Units totaling 34,800 NRSF, with 36 outdoor RV/Boat parking spaces
- Low Saturation Rate of 3.60 SF/Capita within 10-miles radius
- No Known Planned or Permitted Projects within a 10-mile radius
- Population in this market is projected for +/- 3.85% growth over the next five years
- Rental Rates in subject market area are moderately high with 10x10 non-climate space at an average of $1.25 per ft and 10x10 Climate space of $2.08
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $5,350,000
Investment Highlights
- Brand New Climate-Controlled and Drive-Up Facility
- Certificate of Occupancy To Be Delivered June 1st, 2024
- Facility will consist of 78 Climate Controlled and 260 Drive-Up Units totaling 34,800 NRSF, with 36 outdoor RV/Boat parking spaces
- Low Saturation Rate of 3.60 SF/Capita within 10-miles radius
- No Known Planned or Permitted Projects within a 10-mile radius
- Population in this market is projected for +/- 3.85% growth over the next five years
- Rental Rates in subject market area are moderately high with 10x10 non-climate space at an average of $1.25 per ft and 10x10 Climate space of $2.08
Investment Overview
Presented for sale by Marcus & Millichap is All In Self-Storage, a state-of-the-art self-storage facility under construction at 11806 FL-121, Macclenny, Florida 32063 which will be delivered to an investor upon Certificate of Occupancy. Occupying 3.2-acres, this facility is scheduled for completion on June 1st, 2024, and will comprise of both climate-controlled and traditional drive-up units. The completed project will feature 78 climate-controlled storage spaces and 260 conventional drive-up storage options, encompassing a total of 34,800 net rentable square feet. Additionally, it will cater to outdoor storage needs with 36 designated spaces for RV and boat parking. Pricing for the units is competitive, averaging $1.25 per square foot for drive-up units and $2.08 per square foot for climate-controlled spaces. Situated in an area exhibiting minimal saturation of self-storage facilities and with no similar developments anticipated within a 10-mile radius, All In Self-Storage represents a unique opportunity. With the local demographic forecasted to expand by approximately 3.85% over the ensuing five years, the potential for growth in demand is significant. Advantages of this property are further amplified by its excellent visibility and the ease of access granted by its FL-121 location. Upon project completion, the property will be outfitted with security enhancements, including surveillance cameras, perimeter lighting, and a gated access system, allowing the prospective owner to concentrate their efforts on the leasing operations.