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2100 Ave A, Flagler Beach, FL, 32136

Flagler Beach Storage Portfolio
Market Bid

Key Information

Tot. SF
102,989
Units
1,031
Year Built
1988-2002
Type
Self Storage
Occupancy
75%
NOI
$789,638

Highlights

  • 102,989 rentable square feet of self-storage plus 178 outdoor parking spaces located under 7 miles from each other
  • Over 12,000 residential units in the development pipeline within 5-miles of the properties
  • Massive 2,788 acre mixed-use development project, The Reserve at Haw Creek, was just approved to bring 6,100 new homes to Bunnell in the coming years. The project is under 3-miles from the Old Moody sites.
  • Recently expanded assets with lease-up upside but still immediate in-place yield
  • Local family, mom-and-pop management in-place for over two decades now
  • Very strong population growth projected in each trade areas in the coming years
  • Rental rate upside existing, plus opportunity to fill the vacant self-storage units
  • Further expansion opportunity existing upon removal of the outdoor parking spaces

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203