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1556 SW State Road 45 - Town Center Storage 32,450 SF Specialty Building Offered at $4,200,000 in Newberry, FL 32669
Investment Highlights
- Pro-forma cap rates exceed 9.25% in Years 3 & 4, offering strong returns.
- Average household incomes in the area exceed $105,000.
- Located 15 miles from Gainesville in a high-growth MSA with 4%+ annual population growth.
- Only one other climate-controlled competitor within 5 miles of the facility.
- Currently mom & pop managed, presenting significant management upside.
- Less than 1 mile from a new retail development adding 6,306 housing units.
Executive Summary
Broker of Record
Kyle Matthews
License # CQ1066435, BK3554632
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # CQ1066435, BK3554632
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $4,200,000 | Building Class | B |
| Price Per SF | $129.43 | Lot Size | 7.59 AC |
| Sale Type | Investment | Building Size | 32,450 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 2021 |
| Price | $4,200,000 |
| Price Per SF | $129.43 |
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 7.59 AC |
| Building Size | 32,450 SF |
| No. Stories | 1 |
| Year Built | 2021 |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 02530-004-000 | Improvements Assessment | $597,085 |
| Land Assessment | $885,315 | Total Assessment | $1,482,400 |
Property Taxes
Parcel Number
02530-004-000
Land Assessment
$885,315
Improvements Assessment
$597,085
Total Assessment
$1,482,400
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1556 SW State Road 45 - Town Center Storage
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