SunSmart Storage - Winter Haven 3 Properties Offered at $1,600,000 in Winter Haven, FL
INVESTMENT HIGHLIGHTS
- Priced Well Below Replacement Cost at $69 PSF | Tremendous upside at only 31.34% current occupancy
- 23,180 Gross Rentable SF (storage) | 36,930 Gross Rentable SF (includes parking)
- Excellent Visibility: Located along 42nd Street NW with 14,400+ AADT and in close proximity to State Road 544 with 27,000+ AADT
- Diverse Inventory: 127 Units: 86 Storage units of varying sizes, 31 open-air parking and 10 dedicated RV parking spaces
- Centralized Location: Situated in centrally located Polk County, with easy access to major highways connecting to Orlando & Tampa
- Strong Local Demographics: Population of 105,030 within 5 miles of the facility
EXECUTIVE SUMMARY
Addresses:
1983 & 1987 40th Street Northwest, Winter Haven, FL 33881
1900 & 1912 42nd Street Northwest, Winter Haven, FL 33881
Total Lot Size (4 Parcels): 1.79 acres
Gross SF (Storage): 23,180 SF
Gross SF (Parking): 13,750 SF
Gorss SF (Storage + Parking): 36,930
Current Cap Rate: 3.42%
Year 1 Cap Rate: 8.00%
1983 & 1987 40th Street Northwest, Winter Haven, FL 33881
1900 & 1912 42nd Street Northwest, Winter Haven, FL 33881
Total Lot Size (4 Parcels): 1.79 acres
Gross SF (Storage): 23,180 SF
Gross SF (Parking): 13,750 SF
Gorss SF (Storage + Parking): 36,930
Current Cap Rate: 3.42%
Year 1 Cap Rate: 8.00%
PROPERTY FACTS
| Price | $1,600,000 |
| Price / SF | $69.11 / SF |
| Cap Rate | 8% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 23,152 SF |
| Total Land Area | 1.79 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 1900-1912 42nd St NW, Winter Haven, FL 33881 | Specialty | 23,152 SF | 1960 | - |
| 1983 40th St NW, Winter Haven, FL 33881 | Land | 0.41 AC | - | - |
| 1987 40th St NW, Winter Haven, FL 33881 | Land | 0.20 AC | - | - |
1 of 1
