Tot. SF
42,890
Lot Size
4.97 Acres
2503 FL-11, DeLand, FL, 32724
Personal Mini Storage (Managed)$4,600,000
Key Information
Units
310
Year Built
2021
Type
Self Storage
Occupancy
65%
NOI
$105,122
Highlights
- Strong traffic counts as the facility has visibility from Hwy 17 and State Road 11, seeing over 29,000 vehicles per day
- Very strong population growth projected in the coming five years at 2.10% annually
- Substantial residential development activity in the pipeline, with 34 housing developments totaling approximately 4,200+ units and $1.6 billion in total value
- Lease up deal being offered at only $107 per rentable foot, which is very attractive for recently built climate and non-climate controlled product
- High quality facility built in 2021 totaling ±42,890 NRSF across 310 non-climate controlled units
- Two closest competitors currently advertising rents over $19 per foot on average
- 8.28%+ Stabilized Cap Rate with conservative asking rental rate growth
Photos
Location
Agents
A
Austin McLeodLicense # 394903 (GA)
Broker of Record
Kyle Matthews
License # CQ1066435 (FL)Matthews Real Estate Investment Services, Inc1600 West End, Ste. 1500 Nashville, TN 37203