Enterprise Business Park
Enterprise Business Park
NBC Storage
NBC Storage
NBC Storage
NBC Storage
Enterprise Business Park
NBC Storage
NBC Storage

Self Storage Details

  • Square Footage: 41,332 sqft
  • Cap Rate: 9.1%
  • Listing ID: 415758
  • Posted On: Nov 19, 2013
  • Updated On: Apr 28, 2014

Description

This portfolio sale of two properties includes NBC Storage, located at 5904 Johns Road, and Enterprise Business Park, located at 736 South 50th Street, both located in the growing city of Tampa, Florida. There are eight total buildings included in the offering, with storage units that range from 25 square feet to 2,912 square feet. Combined, the properties currently have physical occupancy rates of 75 percent, below the market standards, allowing for a new owner to adjust management and marketing strategies to adjust to the local averages in the market. There are 257 units between the two properties. Currently, NBC Storage is offering units for self-storage purposes only, and the Enterprise Business Park has a mixed-use tenant base that ranges from office-style studios to large business storage units.

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