Pack-Rat Storage - Panama City Beach, FL

High quality, recently expanded facility totaling ±83,875 rentable square feet
Potential to acquire this at an attractive basis with upside remaining
Frontage on Panama City Beach Parkway which sees ±39,500 vehicles per day
Mom-and-pop management in-place that is not spending any money on advertising and marketing, presenting an opportunity to fill the vacant units and drive rates
Strong population growth projected in the next five years at 2.50% annually in a 3-mile radius and 2.40% annually in a 5-mile
Zero damage to the facility during Hurricane Michael in 2018 – a category 5 hurricane that hit Panama City directly
Located under 4 miles from the Naval Support Activity (NSA) Panama City and under 20 miles from Tyndall Air Force Base

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