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Self-Storage Facility

Pine Island Storage

5111 Doug Taylor Cir, Saint James City, FL 33956

Listing Price: $4,050,000

Cap Rate
7.07%
Number of Units
311
Occupancy
76.2%
Gross SF
39,265
Rentable SF
39,265
Price/Rentable SF
$103.15
Year Built
1979

Investment Overview

Marcus & Millichap is pleased to offer for sale Pine Island Storage located in St. James City, Florida. The facility features 266 non-climate controlled units and 65 climate controlled units, totaling 39,265 net rentable square feet. The property sits on 3.02 acres of land and is the only self storage facility on the island.

In 2011, Pine Island Storage installed the first commercial 25KW photo voltaic solar system on Pine Island. The installation has allowed the facility to reduce energy usage to zero, become carbon neutral, and provide renewable energy to customers on the grid.

Pine Island Storage is being offered for $4,050,000 or $103.15 per rentable square foot.

Investment Highlights

  • 39,265 Net Rentable Square Feet | 311 Total Units
  • Tremendous Upside Through Tenant Insurance Program and Tighter Management
  • Over $50,000 In Capital Improvements: LED Lighting, Paint, Siding, Roof Touch-Ups
  • Closest Storage Facility is Six Miles Away
  • Only Storage Facility on the Island - No Competition

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $4,050,000

Cap Rate
7.07%
Number of Units
311
Occupancy
76.2%
Gross SF
39,265
Rentable SF
39,265
Price/Rentable SF
$103.15
Year Built
1979

Investment Highlights

  • 39,265 Net Rentable Square Feet | 311 Total Units
  • Tremendous Upside Through Tenant Insurance Program and Tighter Management
  • Over $50,000 In Capital Improvements: LED Lighting, Paint, Siding, Roof Touch-Ups
  • Closest Storage Facility is Six Miles Away
  • Only Storage Facility on the Island - No Competition

Investment Overview

Marcus & Millichap is pleased to offer for sale Pine Island Storage located in St. James City, Florida. The facility features 266 non-climate controlled units and 65 climate controlled units, totaling 39,265 net rentable square feet. The property sits on 3.02 acres of land and is the only self storage facility on the island.

In 2011, Pine Island Storage installed the first commercial 25KW photo voltaic solar system on Pine Island. The installation has allowed the facility to reduce energy usage to zero, become carbon neutral, and provide renewable energy to customers on the grid.

Pine Island Storage is being offered for $4,050,000 or $103.15 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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