Self Storage Portfolio

$6,800,000 USD.

1005 SE 9th Terrace, Cape Coral, FL 33990, USA 26.6354521

Self Storage Portfolio

Native Realty is proud to present this rare opportunity to purchase a turn-key portfolio of eight self storage properties in Cape Coral, Florida. This portfolio consists of 523 units totaling 79,052 sq. feet of building across 5.24 acres of land. This portfolio has strong in place cash flows with the opportunity to add additional income by reducing vacancies, and maximizing the portfolio’s full potential. The properties are located in Cape Coral, Florida which has seen a 41% increase in population since 2000, and continues to grow. The portfolio features a wide range of units, making them suitable for flex/industrial uses in addition to the traditional self storage application. These properties are often referred to as “Cash Cows” and, if run efficiently, can be incredible investments.

 

Price: $6,800,000
Units:

- 523 total units

  - 195 climate-controlled

  - 328 non-climate controlled

Building: 79,052 sq feet. - Asking $86.02/sq ft

Land: 5.24 acres - Asking $29.79/sq ft

Current Cap Rate: 5.76%

Pro Forma Cap Rate: 10.42%

 

Addresses:
• 925 SE 13th Pl, Cape Coral, FL 33990
• 4413 SE 15th Ave, Cape Coral, FL 33904
• 1005 SE 9th Ter, Cape Coral, FL 33990
• 1106 SE 12th Ave, Cape Coral, FL 33990
• 908 SE 14th Ave, Cape Coral, FL 33990
• 1014 SE 9th St, Cape Coral, FL 33990
• 838 SE 9th St, Cape Coral, FL 33990
• 927 SE 9th Ter, Cape Coral, FL 33990

Click here for brochure

 

Agent Details

Jaime Sturgis

  • 954-595-2999
  • 954-383-2289

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