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Self-Storage Facility

Freedom Self Storage

1500 Freedom Self Storage Rd, Fort Walton Beach, FL 32547

Listing Price: $18,200,000

Cap Rate
5.46%
Number of Units
768
Occupancy
73.5%
Gross SF
97,520
Rentable SF
97,520
Price/Rentable SF
$186.63
Year Built
2003

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Freedom Self Storage located in Fort Walton Beach, Florida. The facility currently features 571 climate-controlled units, 197 non-climate-controlled units, and eight retail spaces, totaling 97,520 net rentable square feet. They also offer 42 outdoor parking spaces for rent. There has been a long history of strong occupancy rates and they are currently 85.70 percent physically occupied. The facility has an on-site management office, 24-hour video surveillance, and individual door alarms.

The location of this facility benefits from a densely populated and growing surrounding population. It is located nearby many residential neighborhoods, restaurant chains, grocery stores, and businesses. This offers the facility great street frontage and high daily traffic counts of around 28,000 cars per day.

Freedom Self Storage is being offered for $18,200,000 or $186.63 per rentable square foot.

Investment Highlights

  • 96,960 Net Rentable Square Feet
  • 571 Climate-Controlled Units
  • 197 Non-Climate-Controlled Units
  • Nine Retail Spaces
  • 42 Outdoor Parking Spaces

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $18,200,000

Cap Rate
5.46%
Number of Units
768
Occupancy
73.5%
Gross SF
97,520
Rentable SF
97,520
Price/Rentable SF
$186.63
Year Built
2003

Investment Highlights

  • 96,960 Net Rentable Square Feet
  • 571 Climate-Controlled Units
  • 197 Non-Climate-Controlled Units
  • Nine Retail Spaces
  • 42 Outdoor Parking Spaces

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Freedom Self Storage located in Fort Walton Beach, Florida. The facility currently features 571 climate-controlled units, 197 non-climate-controlled units, and eight retail spaces, totaling 97,520 net rentable square feet. They also offer 42 outdoor parking spaces for rent. There has been a long history of strong occupancy rates and they are currently 85.70 percent physically occupied. The facility has an on-site management office, 24-hour video surveillance, and individual door alarms.

The location of this facility benefits from a densely populated and growing surrounding population. It is located nearby many residential neighborhoods, restaurant chains, grocery stores, and businesses. This offers the facility great street frontage and high daily traffic counts of around 28,000 cars per day.

Freedom Self Storage is being offered for $18,200,000 or $186.63 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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