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Self-Storage Facility

Self-Storage Redevelopment Opportunity

3953 US-27, Sebring, FL 33870

Listing Price: $750,000

Cap Rate
4.46%
Number of Units
33
Occupancy
97.0%
Gross SF
11,236
Rentable SF
11,236
Price/Rentable SF
$66.75
Year Built
1950

Investment Overview

Marcus & Millichap is pleased to offer for sale Self-Storage Redevelopment Opportunity in Sebring, Florida. The property includes 29 mini bays, 3 warehouse units and 1 restaurant café. Situated on 1.3 acres, there is ample room for additional expansion of units or redevelopment. Positive cash flow is in-place while redeveloping. The mini bay storage building totals 4,650 square feet, the warehouse building is 2,592 square feet and the café measures 3,994 square feet. The property is currently 97% physically occupied. The restaurant tenant is responsible for water, electric and sales tax and the lease expires as of June 1, 2021. Additionally, the property has frontage on US 27 South benefitting from 29,000+/- vehicles daily. This is an excellent opportunity for an investor to acquire a storage facility that has long-term management in place and requires minimum costs.

Investment Highlights

  • Long-Term Local Property Manager in Place | Below Market Rents
  • 29 Mini Bays, 3 Warehouse Units & 1 Café | 97% Occupied
  • Situated on 1.3 Acres | Ample Room for Additional Expansion of Units | Redevelopment Opportunity
  • Positive Cash Flow In-Place While Redeveloping
  • Approximately 202' Frontage Along Highway 27 South

Exclusively Listed By

Self-Storage Facility

Self-Storage Redevelopment Opportunity

Listing Price: $750,000

Cap Rate
4.46%
Number of Units
33
Occupancy
97.0%
Gross SF
11,236
Rentable SF
11,236
Price/Rentable SF
$66.75
Year Built
1950

Investment Highlights

  • Long-Term Local Property Manager in Place | Below Market Rents
  • 29 Mini Bays, 3 Warehouse Units & 1 Café | 97% Occupied
  • Situated on 1.3 Acres | Ample Room for Additional Expansion of Units | Redevelopment Opportunity
  • Positive Cash Flow In-Place While Redeveloping
  • Approximately 202' Frontage Along Highway 27 South

Investment Overview

Marcus & Millichap is pleased to offer for sale Self-Storage Redevelopment Opportunity in Sebring, Florida. The property includes 29 mini bays, 3 warehouse units and 1 restaurant café. Situated on 1.3 acres, there is ample room for additional expansion of units or redevelopment. Positive cash flow is in-place while redeveloping. The mini bay storage building totals 4,650 square feet, the warehouse building is 2,592 square feet and the café measures 3,994 square feet. The property is currently 97% physically occupied. The restaurant tenant is responsible for water, electric and sales tax and the lease expires as of June 1, 2021. Additionally, the property has frontage on US 27 South benefitting from 29,000+/- vehicles daily. This is an excellent opportunity for an investor to acquire a storage facility that has long-term management in place and requires minimum costs.

Exclusively Listed By

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