Skip to main content

Self-Storage Facility

Florida West Covered Storage

4450 US-19 ALT, Palm Harbor, FL 34683

Listing Price: $7,150,000

Cap Rate
6.00%
Number of Units
238
Occupancy
100.0%
Rentable SF
53,040
Price/Rentable SF
$134.80
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Florida West Covered Storage located in Palm Harbor, Florida. The facility consists of 98 covered RV/boat parking units and 140 outside parking spaces available for rent totaling 53,040 net rentable square feet. This is a stabilized cash flowing facility that is currently 100 percent physically occupied. The property is fully fenced with a keypad, gated entry and 24-hour video surveillance. The location of this facility benefits from a dense and growing surrounding population. The population within five miles of the facility is 121,535, which represents an 11 percent increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, and schools. This offers the facility great street frontage and high daily traffic counts of around 18,400 cars per day off US Route 19 Alternate. Florida West Covered Storage is being offered for $7.15 million.

Investment Highlights

  • 53,040 Net Rentable Square Feet
  • 98 Covered Boat and RV Parking Units | 140 Outside Parking Spaces
  • Stabilized Facility: 100 Percent Physical Occupancy | 97.28 Percent Economic Occupancy
  • Below Market Rents | Immediate Upside Through Rental Increases
  • Tremendous Location with Great Visibility and Accessibility On Palm Harbor Boulevard/US Alt Route 19

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Self-Storage Facility

Florida West Covered Storage

Listing Price: $7,150,000

Cap Rate
6.00%
Number of Units
238
Occupancy
100.0%
Rentable SF
53,040
Price/Rentable SF
$134.80
Year Built
2004

Investment Highlights

  • 53,040 Net Rentable Square Feet
  • 98 Covered Boat and RV Parking Units | 140 Outside Parking Spaces
  • Stabilized Facility: 100 Percent Physical Occupancy | 97.28 Percent Economic Occupancy
  • Below Market Rents | Immediate Upside Through Rental Increases
  • Tremendous Location with Great Visibility and Accessibility On Palm Harbor Boulevard/US Alt Route 19

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Florida West Covered Storage located in Palm Harbor, Florida. The facility consists of 98 covered RV/boat parking units and 140 outside parking spaces available for rent totaling 53,040 net rentable square feet. This is a stabilized cash flowing facility that is currently 100 percent physically occupied. The property is fully fenced with a keypad, gated entry and 24-hour video surveillance. The location of this facility benefits from a dense and growing surrounding population. The population within five miles of the facility is 121,535, which represents an 11 percent increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, and schools. This offers the facility great street frontage and high daily traffic counts of around 18,400 cars per day off US Route 19 Alternate. Florida West Covered Storage is being offered for $7.15 million.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

MM Texture Background
MM Textured Background Lower