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2503 FL-State Rd 11 - Personal Mini Storage (Managed) 44,400 SF Specialty Building Offered at $4,600,000 at a 2.29% Cap Rate in Deland, FL 32724
Investment Highlights
- Strong traffic counts as the facility has visibility from Hwy 17 and State Road 11, seeing over 29,000 vehicles per day
- Substantial residential development activity in the pipeline, with 34 housing developments totaling approximately 4,200+ units
- High quality facility built in 2021 totaling ±42,890 NRSF across 310 non-climate controlled units
- Very strong population growth projected in the coming five years at 2.10% annually
- Lease up deal being offered at only $107 per rentable foot, which is very attractive for recently built climate and non-climate controlled product
- Two closest competitors currently advertising rents over $19 per foot on average
Executive Summary
Broker of Record
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $4,600,000 | Building Class | B |
| Price Per SF | $107.25 | Lot Size | 4.97 AC |
| Sale Type | Investment | Building Size | 42,890 SF |
| Cap Rate | 2.29% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2021 |
| Property Subtype | Self-Storage |
| Price | $4,600,000 |
| Price Per SF | $107.25 |
| Sale Type | Investment |
| Cap Rate | 2.29% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 4.97 AC |
| Building Size | 42,890 SF |
| No. Stories | 1 |
| Year Built | 2021 |
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Property Taxes
| Parcel Number | 6033-00-00-0430 | Improvements Assessment | $2,975,475 |
| Land Assessment | $1,623,698 | Total Assessment | $4,599,173 |
Property Taxes
Parcel Number
6033-00-00-0430
Land Assessment
$1,623,698
Improvements Assessment
$2,975,475
Total Assessment
$4,599,173
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2503 FL-State Rd 11 - Personal Mini Storage (Managed)
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