$ per SF
$129
Tot. SF
32,450
1556 SW State Rd 45, Newberry, FL, 32669
Town Center Storage$4,200,000
Key Information
Lot Size
7.59 Acres
Units
306
Year Built
2021
Type
Self Storage
NOI
$101,839
Highlights
- Attractive Pro-Forma Cap Rates: Years 3 & 4 cap rates exceed 9.25%, offering strong investment returns.
- Limited Climate-Controlled Supply: Only one other climate-controlled competitor within 5 miles of the facility.
- Affluent Surrounding Population: Average household incomes exceed $105,000 in the trade area.
- Professional Management Upside: Facility is currently mom & pop managed, presenting upside through professional management and increased advertising.
- Path of Growth Location: Located in the Gainesville MSA path of growth, with Newberry experiencing annual population growth over 4%.
- Proximity to Major Development: Less than 1 mile from Highland Park / Newberry Retail Development, which is expected to add 6,306 housing units to the immediate trade area.
Photos
Location
Agents
Z
Zachary TryonLicense # 425794 (GA)
A
Austin McLeodLicense # 394903 (GA)
Broker of Record
Kyle Matthews
License # CQ1066435, BK3554632Matthews Real Estate Investment Services, Inc1600 West End Ave, Ste. 1500 Nashville, TN 37203