1241 NW 50th Ave, Gainesville, FL, USA

Gainesville, Florida

Porterfield Mini Storage | Price Reduction

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Available Spaces

Total Square Feet

11,980 GSF | 9,660 NRSF

Total Acreage

1.00 AC (43,560 SF)

Asking Price

$1,100,000

Price Reduction
Expansion Opportunity: Potential to increase revenue by adding storage units | 800 SF of vacant climate-controlled space currently underutilized | Opportunity to develop four (4) new 10’x20’ climate-controlled units with roll-up doors
Further Upside Potential: Opportunity to increase NOI by standardizing & raising rental rates to market levels
Solid inventory: 85 Total storage units | 11,980 GSF | 9,660 NRSF
Ideal location: Located approximately 4 miles from The University of Florida & 5 miles from the Gainesville Regional Airport
History of High Occupancy: 90%+ occupied throughout the past 20 years under current ownership | Located north of the university, the property is insulated from the seasonality of student-driven demand, benefiting from Gainesville’s stable local population