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Turn Key, 40 Unit Storage Facility in Lake Placid!



$399,900

FOR SALE

220 Atherton Ave NW

Lake Placid, FL

  • This property is turn key and currently 68% occupied.
  • Currently bringing in $3,310 per month. Can bring in $4,325 or more at 100% occupancy!
  • There are 4 steel buildings consisting of 40 units total.
  • Unit sizes range from 5x10 up to 24x40.
  • Break down of unit sizes are as follows: 8 - 5x10's 19 - 10x10's 8 - 20x20's 5 - 24x40's
  • Facility is ran completely offsite via online registration and payment system.
  • Cap Rate is 5.04% at current occupancy! Not including renting vacant lot.
  • Gated, vacant 27,720 sq.ft. lot behind the facility is included. Perfect for RV/boat storage or add additional buildings for increased revenue.
  • Sale also comes with everything needed to run the site remotely and the website www.PlacidLakesStorage.com.

Documents

 
No Documents for this Property


  • Sale Comps $550K - $575K
  • Rental Comps $5,500 - $6,000
  • Property Type Commercial
  • Location Lake Placid, FL
  • Size 12400 sq. ft.
  • Bedrooms 0
  • Bathrooms 0
  • TAV 276.2K
  • Annual Taxes $4,969
  • Year Built 1990

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