KO Storage 3 Specialty Properties Offered at $6,780,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Listed at a very attractive day-1 yield at a 7.00% cap rate on T-12 NOI
- Efficiently managed portfolio with one manager overseeing all three sites for $32k per year
- ±1.79 acre vacant piece land ready for expansion at the 7350 State Rte 100 location
- Upside remaining in improved occupancy, presenting the opportunity to hit a 9.14%+ Year 2 Cap Rate
- Strong traffic counts for each location at 12,000 Vehicles Per Day (VPD) for the Keystone Heights locations, and 32,000 VPD for Starke
- Limited competition in these sub-markets with zero professional management
EXECUTIVE SUMMARY
BROKER OF RECORD
Kyle Matthews
License No. CQ1066435 (FL)
Kyle Matthews
License No. CQ1066435 (FL)
PROPERTY FACTS
| Price | $6,780,000 |
| Price / SF | $153.54 / SF |
| Cap Rate | 7% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 44,159 SF |
| Total Land Area | 4.57 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
C & C Mini Storage
1650 S Walnut St, Starke, FL 32091 |
Specialty | 19,714 SF | 1994 | - |
| 1029 SE State Road 100, Keystone Heights, FL 32656 | Specialty | 14,055 SF | 1993 | - |
|
Keystone Mini Store
7350 SR 100, Keystone Heights, FL 32656 |
Specialty | 10,390 SF | 1977 | - |
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