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Self-Storage Facility

Pack Rat Mini Storage

601 Tangelo St, Lake Wales, FL 33898

Listing Price: $3,585,000

Cap Rate
5.12%
Number of Units
230
Occupancy
88.0%
Rentable SF
22,650
Price/Rentable SF
$158.28
Year Built
2006

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Pack Rat Mini Storage located in Lake Wales, Florida. The facility consists of 32 climate-controlled units, 66 non-climate-controlled units, and 132 semi-climate-controlled units totaling 22,650 net rentable square feet. The facility also features 21 parking spaces available for rent. This is a stabilized cash flowing facility that is currently 88 percent physically occupied. The property is fully secured with a keypad, gated entry, an on-site management office, and 24-hour video surveillance. Located 45 miles south of Orlando, this facility benefits from a rapidly growing surrounding population. The population within five miles of the facility has increased 26 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 national brands including restaurants and retail stores. This offers the facility easy access and high daily traffic counts of around 25,000 cars per day off Highway 60 East. Pack Rat Mini Storage is being offered for $3,585,000 or $158.28 per rentable square foot.

Investment Highlights

  • 22,650 Net Rentable Square Feet
  • 32 CC Units | 66 NCC Units |132 SCC Units
  • 21 Parking Spaces
  • Well Maintained Property
  • Fantastic Location Right Near Walmart, Owner Never Spent Any Money on Advertisement

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Self-Storage Facility

Pack Rat Mini Storage

Listing Price: $3,585,000

Cap Rate
5.12%
Number of Units
230
Occupancy
88.0%
Rentable SF
22,650
Price/Rentable SF
$158.28
Year Built
2006

Investment Highlights

  • 22,650 Net Rentable Square Feet
  • 32 CC Units | 66 NCC Units |132 SCC Units
  • 21 Parking Spaces
  • Well Maintained Property
  • Fantastic Location Right Near Walmart, Owner Never Spent Any Money on Advertisement

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Pack Rat Mini Storage located in Lake Wales, Florida. The facility consists of 32 climate-controlled units, 66 non-climate-controlled units, and 132 semi-climate-controlled units totaling 22,650 net rentable square feet. The facility also features 21 parking spaces available for rent. This is a stabilized cash flowing facility that is currently 88 percent physically occupied. The property is fully secured with a keypad, gated entry, an on-site management office, and 24-hour video surveillance. Located 45 miles south of Orlando, this facility benefits from a rapidly growing surrounding population. The population within five miles of the facility has increased 26 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 national brands including restaurants and retail stores. This offers the facility easy access and high daily traffic counts of around 25,000 cars per day off Highway 60 East. Pack Rat Mini Storage is being offered for $3,585,000 or $158.28 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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