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1950 Banks Rd - Margate Self-Storage & Industrial Opportunity 65,000 SF Specialty Building Offered For Sale in Margate, FL 33063
Investment Highlights
- Very well-maintained facility achieving $2.48 per foot rental rates for the self-storage units
- Rare NNN lease with a Top-3 Propane Company in the U.S. that runs for another 56 years with annual increases
- Mom-and-pop ownership and management for the last 20 years
- Room to improve physical occupancy and increase revenue quickly. Current advertising spend is only $4,433 per year
- All of the non-climate units have interior lights and electrical outlets. Most of the tenants are contractors or small businesses that are willing to
- Dense surrounding population with over 155,000 people living within a 3-mile radius of the property
Executive Summary
Kyle Matthews
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
Property Facts
| Sale Type | Investment | Lot Size | 3.98 AC |
| Property Type | Specialty | Building Size | 65,000 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | B | Year Built | 2012 |
| Zoning | M-1A | ||
| Sale Type | Investment |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 3.98 AC |
| Building Size | 65,000 SF |
| No. Stories | 1 |
| Year Built | 2012 |
| Zoning | M-1A |
Amenities
- Bus Line
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 48-42-30-29-0040 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $8,062,100 |
Property Taxes
Parcel Number
48-42-30-29-0040
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$8,062,100
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1950 Banks Rd - Margate Self-Storage & Industrial Opportunity