$575,000

About This Property

Long established (1984) self-storage facility with consistent earnings. Two separate buildings with a total of 14,400 square feet and 22 units. Total land of a 0.82 fenced acre. Two road frontage entrances with gates. Fully rented with several long-term customers. Very convenient industrial location near the LaBelle Municipal Airport. Current owner will want to lease back his current unit and there is additional income from an antenna. Current gross rents are $71,616 annually. Each building has its own meter that provides electric throughout, but each unit does have the meter box, should you want to install separate meters for each tenant. There is running water and the seller currently has an office space within one of the buildings, which has a bathroom. Very low overhead puts the cap rate at approximately 10% for this current owner-operator.

infoProperty Details

Property Type

Industrial: Self/Mini-Storage Facility

Year Built

1984

Lot Size

0.80 acres

Days on Market

8

Cumulative DOM

49

List Date

Mar 28, 2022

Sold Date

May 16, 2022

Annual Taxes

$6K (2021)

yardExterior & Lot

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Listed By

Weatherford Realty Group LLC

863-612-0000