Self Storage Details
- Purchase Method: Cash
- Number of Storage Units: 537
- Acreage: 4 acre(s)
- Square Footage: 60,682 sqft
- Cap Rate: 8.5%
- Listing ID: 424646
- Posted On: Feb 11, 2014
- Updated On: Apr 28, 2014
Description
Security Mini Storage represents a great opportunity to invest in a cash-flowing self-storage facility in the highly sought-after Tampa, Florida market. This offering includes the sale of an eleven-building facility that contains 60,063 net rentable square feet. There are 537 total storage units and the units range in size from 50 square feet to 600 square feet. This facility also has 11 rentable parking spaces to accommodate RV and boat storage. Since the initial construction of the facility in 1972, the facility has been expanded five times in order to meet the high rental demands of the Tampa market. The most recent expansion was completed in 1985. All buildings are one-story and were built with solid concrete-block construction and a built up metal roofing system. The grounds of the property are currently under 24-hour surveillance by digital cameras throughout the facility. To ensure secure storage, the perimeter of the property is also completely fenced and access is only granted with keypad-entry for the electronic gate.
Financial Information (Actual)
Net Operating Income: | $169 |