Suncoast Self Storage
For sale15422 County Line Rd, Spring Hill, FL 34610
Unit / Space count
62
Price
$1,400,000
Occupancy
91.18%
Lot size
1.01 acres
Number of buildings
4
Property description
Suncoast Self Storage is a highly occupied, cash-flowing facility in Spring Hill, Florida, offered at $1,400,000. The gated, single-story property was built in 1998 and has four metal buildings of non-climate units, plus a small block of outdoor parking rentals, a leasing office, and a commercial warehouse space that adds a second income stream. Cameras, perimeter fencing, keypad entry, and StorEdge management software are already in place, so the facility is a strong candidate for remote management. The upside is in rate growth. Significant customer rent increases are scheduled through the end of 2026, and past increases have been absorbed with little resistance. Current street rents sit below the surrounding market, which gives a new owner room to keep pushing revenue and NOI. The location supports that story. The five-mile trade area is large, growing quickly, and lightly served by storage, with a median age that skews older. Spring Hill sits about 35 miles north of Tampa and connects to the metro through the Suncoast Parkway, so the property draws on one of Florida’s strongest regional economies and a deep, growing residential base.
Property highlights
- Highly Occupied Self Storage Facility Comprised of 62 Non-Climate Units Totaling 9,600 NRSF, One Commercial Space of 2,200 NRSF and 6 Outdoor Parking Rentals
- Significant Existing Customer Rent Increases Scheduled Through the End of 2026 and Past Rent Increases Have Been Met With Little Resistance
- Low Market Saturation Rate of 5.4 SF/Capita for Self Storage Within Five Miles of the Property
- Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Management Software Already in Place
- Population of 111,079 Within Five Miles of the Property Growing at 2.9% Annually Since the 2020 Census
- Average Household Income of $73,881 Within Five Miles of the Property
- Spring Hill is Located Approximately 35 Miles North of Tampa and is Home to 123,474 Residents
- 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