Self-Storage Facility
Gainesville MSA Self-Storage Offering with Expansion Potential
108 NW 10th Ave, Williston, FL 32696
Listing Price: $849,000
Cap Rate
4.77%
Occupancy
48.1%
Rentable SF
5,030
Price/Rentable SF
$168.79
Year Built
2023
Investment Overview
Marcus & Millichap is pleased to present Sto-Away Storage, a Gainesville MSA self-storage offering with expansion potential.
Gainesville MSA Self-Storage Offering with Expansion Potential
Investment Highlights
- Opened October 2023 | 100 Percent Physically Occupied
- Fully Remote Managed Site with Automatic Entry Gate and Security Cameras
- ECRIs | Current Street Rates are Significantly Below Market
- Year Five Unleveraged IRR: 23.01 Percent | Year Five Leveraged IRR: 22.94 Percent
- Vacant Expansion Parcel with Frontage Along US-41 (Approximately 4,000 Vehicles per Day)
- Williston-Approved Expansion | Site Can be Expanded by Approximately 14,000 Rentable Square Feet
- Additional Building on Property with Leased Warehouse Space and Apartment
Self-Storage Facility
Gainesville MSA Self-Storage Offering with Expansion Potential
Listing Price: $849,000
Cap Rate
4.77%
Occupancy
48.1%
Rentable SF
5,030
Price/Rentable SF
$168.79
Year Built
2023
Investment Highlights
- Opened October 2023 | 100 Percent Physically Occupied
- Fully Remote Managed Site with Automatic Entry Gate and Security Cameras
- ECRIs | Current Street Rates are Significantly Below Market
- Year Five Unleveraged IRR: 23.01 Percent | Year Five Leveraged IRR: 22.94 Percent
- Vacant Expansion Parcel with Frontage Along US-41 (Approximately 4,000 Vehicles per Day)
- Williston-Approved Expansion | Site Can be Expanded by Approximately 14,000 Rentable Square Feet
- Additional Building on Property with Leased Warehouse Space and Apartment
Investment Overview
Marcus & Millichap is pleased to present Sto-Away Storage, a Gainesville MSA self-storage offering with expansion potential.
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