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Pensacola Self-Storage

2 Properties Offered at £1,331,606 in Pensacola, FL

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Investment Highlights

Attractive Location: 2.0 Net Rentable ft2 Per Person in a 1-Mile Radius (Radius+ compass report)
Upside through standardizing rents / raising below-market rents to market rates & retrieving rental income from uncollected units
Excellent Visibility: Situated on North Pace Boulevard with 19,800+ AADT | 141,022 Residents within 5-miles

Diversified Unit Mix: Facility is comprised of traditional drive-up units, 2 parking lots, and an office complex with 4 commercial spaces
Expansion Opportunity: Roughly 1.4-acres of dedicated open-field parking for expansion of boat & RV parking or additional storage buildings
Facility Upgrades: Ownership recently replaced the office roof, all A/C units & sealed/coated 1 self-storage roof, with further renovation plans

Executive Summary

Current Cap Rate: 5.48%
Year 1 Cap rate: $12.80%

Property Facts

Price	£1,331,606	Number of Properties	2
Price / SF	£81.72 / SF	Individually For Sale	0
Net Initial Yield	5.48%	Total Building Size	16,294 SF
Sale Type	Investment	Total Land Area	4.42 AC
Status	Active

Price	£1,331,606
Price / SF	£81.72 / SF
Net Initial Yield	5.48%
Sale Type	Investment
Status	Active
Number of Properties	2
Individually For Sale	0
Total Building Size	16,294 SF
Total Land Area	4.42 AC