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Self-Storage Facility

Maximus Self-Storage - Cocoa

105 Forrest Ave, Cocoa, FL 32922

Listing Price: $3,245,400

Cap Rate
4.75%
Number of Units
250
Occupancy
93.6%
Gross SF
32,094
Rentable SF
21,598
Price/Rentable SF
$150.26
Year Built
1958

Investment Overview

Maximus Self-Storage - Cocoa is located at 105 Forrest Avenue and 10 Ridgeway Avenue in Cocoa, Florida. The facility features 249 indoor, climate-controlled units, 1 mini shop and an on-site sales office. Beginning in 2019, Maximus Storage - Cocoa underwent substantial site renovations. In addition to adding more storage units, the upgrades included motion sensor lighting, updating the sales office, bathrooms, security, entryways, access areas and installing air conditioning throughout. Situated on 0.92 acres, Maximus Self-Storage Cocoa offers state-of-the-art security, surveillance monitoring systems and individual units alarms. Cocoa is a city in Brevard County, Florida and is a part of the Palm Bay-Melbourne-Titusville MSA. The city is about an hour east of Orlando on SR-528 and is located on the Indian River Lagoon, close to the Kennedy Space Center. The historic downtown area is called Cocoa Village along Florida Avenue and Stone Street. It has shops and restaurants and is surrounded by historic buildings and the Cocoa Riverfront Park. Tourism is high in the downtown area. Cruise passenger tourists come from Port Canaveral on excursions or day trips. In addition, tourists are attracted to the historic sites, local attractions and more than 50 city-sponsored special events each year.

Investment Highlights

  • 250 Total Units: Indoor, Climate-Controlled Self-Storage and Mini Shop | 21,598 NRSF
  • Well-Maintained & Stabilized Self-Storage Offering in Palm Bay–Melbourne–Titusville MSA
  • High Occupancies | Currently 93.6% Occupied
  • Well-Managed Family-Owned & Operated
  • Current Ownership Does Not Charge Tenants Administration or Insurance Fees
  • Potential Truck Rental Available | Front Parking Lot Can Accommodate Larger Vehicles
  • Recent Facility Upgrades Include: Motion Sensor Lighting, Additional Storage Units, Updates to Office & Bathrooms, Security, Entryways, Access Areas and Air Conditioning Throughout

Exclusively Listed By

Self-Storage Facility

Maximus Self-Storage - Cocoa

Listing Price: $3,245,400

Cap Rate
4.75%
Number of Units
250
Occupancy
93.6%
Gross SF
32,094
Rentable SF
21,598
Price/Rentable SF
$150.26
Year Built
1958

Investment Highlights

  • 250 Total Units: Indoor, Climate-Controlled Self-Storage and Mini Shop | 21,598 NRSF
  • Well-Maintained & Stabilized Self-Storage Offering in Palm Bay–Melbourne–Titusville MSA
  • High Occupancies | Currently 93.6% Occupied
  • Well-Managed Family-Owned & Operated
  • Current Ownership Does Not Charge Tenants Administration or Insurance Fees
  • Potential Truck Rental Available | Front Parking Lot Can Accommodate Larger Vehicles
  • Recent Facility Upgrades Include: Motion Sensor Lighting, Additional Storage Units, Updates to Office & Bathrooms, Security, Entryways, Access Areas and Air Conditioning Throughout

Investment Overview

Maximus Self-Storage - Cocoa is located at 105 Forrest Avenue and 10 Ridgeway Avenue in Cocoa, Florida. The facility features 249 indoor, climate-controlled units, 1 mini shop and an on-site sales office. Beginning in 2019, Maximus Storage - Cocoa underwent substantial site renovations. In addition to adding more storage units, the upgrades included motion sensor lighting, updating the sales office, bathrooms, security, entryways, access areas and installing air conditioning throughout. Situated on 0.92 acres, Maximus Self-Storage Cocoa offers state-of-the-art security, surveillance monitoring systems and individual units alarms. Cocoa is a city in Brevard County, Florida and is a part of the Palm Bay-Melbourne-Titusville MSA. The city is about an hour east of Orlando on SR-528 and is located on the Indian River Lagoon, close to the Kennedy Space Center. The historic downtown area is called Cocoa Village along Florida Avenue and Stone Street. It has shops and restaurants and is surrounded by historic buildings and the Cocoa Riverfront Park. Tourism is high in the downtown area. Cruise passenger tourists come from Port Canaveral on excursions or day trips. In addition, tourists are attracted to the historic sites, local attractions and more than 50 city-sponsored special events each year.

Exclusively Listed By

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