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Gray Line Storage Portfolio

2 Speciality Properties Offered at £1,017,185 in Pensacola, FL

Investment Highlights

  • Facilities Are Located Less Than 10 Minutes Apart Allowing for Management Efficiencies
  • The City of Pensacola is Located at the Very Edge of the Florida Panhandle and is Home to 53,284 Residents
  • Dense & Growing Population of 138,603 Residents Within Five Miles of the North Palafox Street Location
  • The Pensacola-Ferry Pass-Brent MSA is the 10th Largest in Florida and is Home to 509,905 Residents

Executive Summary

Value-Add self-storage portfolio comprised of two facilities totaling 19,500 net rentable square feet of non-climate units. Opportunity to increase revenue through continued lease up and steady rent increases to existing tenants.

Property Facts

Price £1,017,185
Price / SF £51.92 / SF
Net Initial Yield 7.14%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 19,592 SF
Total Land Area 1.27 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Affordable Mini-Storage
7054 Palafox St, Pensacola, FL 32503
Speciality 14,000 SF 1995 -
Treasure Alley Mini Storage
1300-1304 N T St, Pensacola, FL 32505
Speciality 5,592 SF 1937 -
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  • Listing ID: 31665837

  • Date on Market: 01/05/2024

  • Last Updated:

  • Address: Gray Line Storage Portfolio, Pensacola, FL

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