Seller offering due to health issues - Maharaj Storage is an opportunistic offering to acquire this under performing 128 unit storage facility currently 57% occupied. Facility was constructed in 2002 and is centrally located in beautiful Panama City Florida. There is an assumable mortgage of $275,000 @ 6% with interest only monthly payments of $1375, note balloons August 2020. The property is in good condition, with security and fencing. There is additional .42 acre adjacent parcel with small office type building which is currently being used for the U-Haul rental business, the additional parcel is now included in purchase price at $699k. Due to seller's illness, financial records are not available. Please come view the property to see this opportunity, experienced and/or professional management needed. All information deemed reliable please verify for accuracy.
Located in Panama City Florida which is home to some of the worlds most beautiful beaches, fishing, diving in Northwest Florida. The storage facility is centrally located right off the four lane 15th street highway which is the main east-west travel corridor through the city. Property is about 15 minutes to the Panama City Beaches and Gulf of Mexico.
