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355 Commerce Blvd - Sunny Day Self-Storage

52,828 SF Speciality Building Offered at £4,225,230 at a 4.42% Net Initial Yield in Port Saint Joe, FL 32456

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Investment Highlights

Brand new (2023), Class A facility located in the Florida Panhandle
National and custom home builders currently delivering several single-family and multifamily housing communities into the immediate area
Year 3 stabilized Cap Rate 10.65% | Year 3 stabilized NOI: $575,124

332 Units & 1 office | 52,828 NRSF
Current Price per Net Rentable SF offers the ability to acquire property at appraisal value
Additional upside with room for additional parking spaces

Executive Summary

Price Reduction | Brand New, Class A Self-Storage Facility
Current Cap Rate: 4.42% / Year 3 Stabilized Cap Rate 10.65%

Property Facts

Price	£4,225,230	Lot Size	5.49 AC
Price Per SF	£80	Building Size	52,828 SF
Sale Type	Investment	Number of Floors	1
Net Initial Yield	4.42%	Year Built	2023
Property Type	Speciality	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Self-Storage

Price	£4,225,230
Price Per SF	£80
Sale Type	Investment
Net Initial Yield	4.42%
Property Type	Speciality
Property Subtype	Self-Storage
Lot Size	5.49 AC
Building Size	52,828 SF
Number of Floors	1
Year Built	2023
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.