Palma, Islas Baleares 07011 2,857 SF Retail Building $1,120,918 ($392.34/SF)

A complex of 31 storage units and 2 parking spaces is for sale, fully operational in Palma de Mallorca. The business opened in July and currently more than half of the units are rented, generating consistent monthly income. Once all units are rented, the property has the potential to generate over €10,000/month. The demand for storage units in Palma has been strong from the start and continues to grow, making this property a safe and profitable investment with high expansion potential. Key features: 31 storage units in total + 2 parking spaces More than half already rented since opening in July Rental price: €16.25/m² (for example, a 10 m² storage unit = €162.50/month) Variety of sizes available: 14 units of 8-10 m² (the most popular) Larger units of approx. 20 m² One 50 m² unit already rented Direct vehicle access: two closed entrances allowing easy loading and unloading Quiet and safe area: no theft issues, offering tenants confidence and peace of mind Investor advantages: Business already in operation, with income from the first month High sustained demand in Palma High potential for profitability and future growth as remaining units are rented Location: Palma de Mallorca (quiet and safe area) Type of operation: Sale of the asset with business in operation