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Self-Storage Facility

Copper Safe Storage

5015 N Star Ave, Panama City, FL 32404

Listing Price: $8,000,000

Cap Rate
1.92%
Number of Units
547
Occupancy
40.0%
Rentable SF
62,512
Price/Rentable SF
$127.98
Year Built
2021

Investment Overview

Marcus and Millichap is pleased to present Copper Safe Storage in Panama City Florida. Located on Star Avenue this new facility has 547 units and 62,512 rentable square feet. Copper Storage Solutions management offers fully automated, unattended self-storage management solutions for self-storage facility owners and operators. This Class A facility was designed and built by the Copper family and sits on 4.97 +/- acres. Panama City is leasing up at a very fast pace. The facility opened April 9th of this year. The current occupancy is already at 40% and climbing. This is due to the high market occupancy, online presence, and excellent call center. The current owners will continue to manage at a very favorable rate or a new buyer may elect to run it themselves.

Investment Highlights

  • New Class A Storage Facility
  • 40% Occupancy in 5 Months
  • 62,512 RSF of Climate and Non-Climate Units

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Self-Storage Facility

Copper Safe Storage

Listing Price: $8,000,000

Cap Rate
1.92%
Number of Units
547
Occupancy
40.0%
Rentable SF
62,512
Price/Rentable SF
$127.98
Year Built
2021

Investment Highlights

  • New Class A Storage Facility
  • 40% Occupancy in 5 Months
  • 62,512 RSF of Climate and Non-Climate Units

Investment Overview

Marcus and Millichap is pleased to present Copper Safe Storage in Panama City Florida. Located on Star Avenue this new facility has 547 units and 62,512 rentable square feet. Copper Storage Solutions management offers fully automated, unattended self-storage management solutions for self-storage facility owners and operators. This Class A facility was designed and built by the Copper family and sits on 4.97 +/- acres. Panama City is leasing up at a very fast pace. The facility opened April 9th of this year. The current occupancy is already at 40% and climbing. This is due to the high market occupancy, online presence, and excellent call center. The current owners will continue to manage at a very favorable rate or a new buyer may elect to run it themselves.

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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