All Steel Storage
For saleUnder contract5904 Johns Rd, Tampa, FL 33634
$2,034,000165 units21,800 SF
Self Storage$12,327/unit$93/SF1980
Property type
Self Storage
Unit / Space count
165
Price
$2,034,000
Rentable area
21,800 SF
Year built
1980
Occupancy
66.06%
Stories
2
APN
027595-0100
Lot size
54,014.40 Acres
Number of buildings
4
Sold/status
Under Contract
CAP
5.81%
Price per SF
$93.30
Property description
Broker Of Record Darron Kattan Florida BOR License No. BK3256503 Firm License No. CQ1032352 813-839-7300 FSIVS@FranklinSt.com Franklin Street Real Estate Services LLC
Property highlights
- Cash-Flowing Self Storage Facility Comprised of 165 Non-Climate Units Totaling 21,800 Net Rentable Square Feet.
- Opportunity to Increase Revenue Through Lease Up and the Steady Implementation of Existing Customer Rent Increases
- Facility Manager Lives On-Site and is Willing to Stay On After the Sale, but Remote Management is Possible With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Opportunity to Increase Revenue Through Maximizing Fee Income and Tenant Insurance Sales.
- Strong Average Household Income of $88,440 Within Five Miles of the Property.
- Extremely Dense Population of 108,849 Residents Growing by 1.6% Annually Within Three Miles of the Property.
- Further Population Growth Evidenced by 4,686 New Housing Units Projected to Come Online Within Five Miles of the Property.
- The Tampa-St. Petersburg-Clearwater MSA is the Second Largest in the State of Florida and is Home to 3,418,895 Residents.