Available Spaces
126 Units
Total Square Feet
±16,858 SF GLA
Total Acreage
2.2123
Asking Price
$1,600,000
For sale
1720 North Pace Boulevard, Pensacola, FL, USA
Pensacola, Florida
Click "Property Portfolio" To View The OM | Pensacola Self-Storage
- Self Storage
Key Details
Investment Highlights
- Price Reduction
- Seller Financing Available: Current cash flow offers an investor a strong cash-on-cash return with $750,000 down | CASH-ON-CASH RETURN: 8.91%
- Attractive Location: 2.0 Net Rentable ft(²) Per Person in a 1-Mile Radius (Radius+ compass report)
- Diversified Unit Mix: Facility is comprised of traditional drive-up units, 2 parking lots, and an office complex with commercial spaces
- Upside Potential: Upside through standardizing rents / raising below-market rents & retrieving rental income from uncollected units
- Expansion Opportunity: Roughly 1.4-acres of dedicated open-field parking for expansion of boat & RV parking or additional storage buildings
- Excellent Visibility & Demographics: Situated on North Pace Boulevard with 19,800+ AADT | 141,022 Residents within 5-miles
- Recent Facility Upgrades: Current ownership recently replaced the office roof, all A/C units & sealed/coated 1 self-storage roof, with plans to complete this process on the 2 remaining buildings
Brokers
Request Pricing / Contact
For sale
1720 North Pace Boulevard, Pensacola, FL, USA
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