Self-Storage Facility

Bronson Self-Storage

Listing Price: $1,525,000

Cap Rate
7.33%
Number of Units
186
Occupancy
82.21%
Gross SF
23,100
Rentable SF
23,100
Price/Rentable SF
$66.02
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Bronson Self-Storage located at 500 Commerce Street in Bronson, Florida. Consisting of 23,100 rentable square feet, Bronson Self-Storage offers 177 non-climate controlled storage units and nine RV, boat and vehicle parking. A double-wide mobile home is also on the property and can be rented for $500 a month. The facility is protected by a perimeter fence, automatic gate and security cameras.

Bronson Self-Storage is located in Bronson, Florida, which is 41 miles from Gainesville, Florida, the largest city in the north-central part of the state. Gainesville is home to the University of Florida and is well known for its longstanding and very active music scene. Bronson is the county seat of Levy County, with a population of about 40,000 people. Bronson Self-Storage is the only self-storage facility within an 11.7 mile radius, giving the facility a tremendous supply and demand within a radius of five to siven miles.

The largest industries in the area consist of retail trade, healthcare and social assistance. Major employers include Walmart, Seabring Marine Industries and DAB Constructors, Inc. Bronson has seen the job market increase 1 percent over the last year. Future job growth over the next 10 years is predicted to be 35.8 percent, which is higher than the US average of 33.5 percent.

Offered at $1,525,000 which represents a 7.33 percent cap rate on current, this asset presents a unique opportunity to acquire a cashflowing facility with zero competition within a five- to seven-mile radius.

Investment Highlights

  • Room to expand within the 3.68 acres
  • Physical Occupancy of 92 Percent With Zero Demand Within a Five- to Seven-Mile Radius
  • Lease up opportunity within the RV/Boat Parking
  • Cash-on-Cash Return of 9.30 Percent on Current

Exclusively Listed By

Self-Storage Facility

Bronson Self-Storage

Listing Price: $1,525,000

Cap Rate
7.33%
Number of Units
186
Occupancy
82.21%
Gross SF
23,100
Rentable SF
23,100
Price/Rentable SF
$66.02
Year Built
1990

Investment Highlights

  • Room to expand within the 3.68 acres
  • Physical Occupancy of 92 Percent With Zero Demand Within a Five- to Seven-Mile Radius
  • Lease up opportunity within the RV/Boat Parking
  • Cash-on-Cash Return of 9.30 Percent on Current

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Bronson Self-Storage located at 500 Commerce Street in Bronson, Florida. Consisting of 23,100 rentable square feet, Bronson Self-Storage offers 177 non-climate controlled storage units and nine RV, boat and vehicle parking. A double-wide mobile home is also on the property and can be rented for $500 a month. The facility is protected by a perimeter fence, automatic gate and security cameras.

Bronson Self-Storage is located in Bronson, Florida, which is 41 miles from Gainesville, Florida, the largest city in the north-central part of the state. Gainesville is home to the University of Florida and is well known for its longstanding and very active music scene. Bronson is the county seat of Levy County, with a population of about 40,000 people. Bronson Self-Storage is the only self-storage facility within an 11.7 mile radius, giving the facility a tremendous supply and demand within a radius of five to siven miles.

The largest industries in the area consist of retail trade, healthcare and social assistance. Major employers include Walmart, Seabring Marine Industries and DAB Constructors, Inc. Bronson has seen the job market increase 1 percent over the last year. Future job growth over the next 10 years is predicted to be 35.8 percent, which is higher than the US average of 33.5 percent.

Offered at $1,525,000 which represents a 7.33 percent cap rate on current, this asset presents a unique opportunity to acquire a cashflowing facility with zero competition within a five- to seven-mile radius.

Exclusively Listed By

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