Kelly Road Mini Storage ~ Niceville, FL
Industrial
for Sale
| Catylist Listing ID: |
30872425 |
| Property Subtypes: |
Self Storage
|
| Building Size (RSF): |
19,650 SF
|
| Gross Land Area: |
1.42 Acres
|
| Sale Price: |
$799,000 |
| Unit Price: |
$40.66 PSF |
| Property Use Type: |
Investment |
| Building Name: |
KELLY ROAD MINI STORAGE |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.0% |
| Last Updated: |
7/9/2024 |
Overview / Comments
|
Value Add investment property in Central Okaloosa County, FL. Boasting a well-maintained 19,650 SF self storage complex boasting 196 units, this facility offers ample space for a thriving Self Storage business. Phase 1 built in 1998 and phase 2 built in 2005, the property is designed to meet the diverse needs of tenants. Zoned C-2 by the City of Niceville, this strategically located asset presents an ideal setting for an owner / investor seeking a robust and lucrative opportunity with tremendous upside. With its strategic location, this property is poised to deliver significant returns. Current rent roll is only at 75% occupied at what I believe are under market rent. This property is all non-climate controlled space.
|
Financials
| Finance Data Year |
2024 |
| Real Estate Taxes - Annual($) |
$9,095 (Annual) |
| Potential Rental Income |
$155,520 (Annual) |
| Gross Operating Income |
$92,047 (Annual) |
| Net Operating Income |
$48,522 (Annual) |
| Actual or Proforma Year |
Actual |
Additional Details
| Nearest MSA: |
Crestview-Fort Walton Beach-Destin |
| County: |
Okaloosa |
| Taxing Authority: |
Okaloosa County |
| Tax ID/APN: |
01-1S-23-0000-0048-0030 |
| Zoning: |
C-2 WITHIN CITY OF NICEVILLE |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
16 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
3,283 |
19,504 |
34,487 |
| Median Age: |
36.15 |
40.92 |
41.75 |
| Households: |
1,400 |
7,658 |
13,564 |
|
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