All Steel Storage
For saleUnder contract5904 Johns Rd, Tampa, FL 33634
$2,034,000165 units21,800 SF
Self Storage1980
Property type
Self Storage
Unit / Space count
165
Price
$2,034,000
Cap Rate
5.81%
Year built
1980
Occupancy
66.06%
Stories
2
APN
027595-0100
Lot size
54,014.40 acres
Number of buildings
4
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.
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