Tampa MSA Boat & RV Storage Portfolio 2 Properties Offered at $4,000,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- Two Boat & RV Storage Facilities Located in the Highly Desirable Tampa, Florida MSA
- With below-market rents relative to comparable boat & RV properties in the area, there is significant opportunity for rent increases
- The region’s popularity for both boating and RV travel makes it an ideal area for year-round demand for storage
- The potential for growth is substantial, whether through the construction of conventional storage units or the addition of parking spaces
- The facilities enjoy high occupancy rates due to its strategic location in the desirable Tampa area, a major hub for outdoor activities & tourism
- Within a five-mile radius of the facility, there is a strong population of 152,938
EXECUTIVE SUMMARY
Current Cap Rate: 7.25%
Year 1 Cap Rate: 7.55%
Year 1 Cap Rate: 7.55%
PROPERTY FACTS
| Price | $4,000,000 |
| Price / SF | $1,356 / SF |
| Cap Rate | 7.25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 2,950 SF |
| Total Land Area | 1.77 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 406 Race Track Rd N, Oldsmar, FL 34677 | Industrial | 2,950 SF | 1966 | - |
|
Five Star Boat & RV Storage
9933 Race Track Rd, Tampa, FL 33626 |
Specialty | - | 1997 | - |
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