4215 U.S. 231, Panama City, FL, USA

Panama City, Florida

Panama City | StoragePUP of Panama City

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Available Spaces

237

Total Square Feet

±34,435 GSF

Total Acreage

1.48

Asking Price

$1,700,800

Seller financing available
Robust cash flow offers an investor a strong cash-on-cash return | CASH-ON-CASH RETURN: 8%
237 Units | 28,705 Gross Rentable SF | 34,435 Gross Rentable SF (includes parking) | Diversified unit mix & air-conditioned units available
The site is secured with perimeter fencing & gated entry for enhanced safety and the ability to operate remotely
Benefit from a favorable insurance landscape with minimal structural coverage requirements, reducing overall costs
Upside available by stabilizing the occupancy, expansion of relocatable unit business, new on-site development, and ongoing rental rate adjustments
Facility is fully fenced & gated with 24/7 access, equipped with camera surveillance & keypad entry. Keypad is Internet-based, which is vital to managing the facility remotely and it comes with an app for easy access, the ability to rent units and pay their bill
Panama City self-storage opportunity spanning 1.48 acres, strategically located in an area with a population of 59,465 within 5-miles