102 James St - The Attic Self-Storage
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102 James St - The Attic Self-Storage
20,150 SF Specialty Building Offered at $3,736,947 CAD at a 8% Cap Rate in Venice, FL 34285
Investment Highlights
- Robust Cash Flow: Offers an investor a healthy return | CASH-ON-CASH RETURN: 7.90% or CAP RATE 8.00%
- Easy Access to Highways: Located adjacent to the Venice Bypass with 39,000+ AADT | 5 miles to Interstate 75
- Additional Upside: Upside through improving occupancy
- Desirable Location: Situated in the highly sought-after North Port-Sarasota-Bradenton Metropolitan Area | Strong location demographics
- Upside Potential: Potential to increase revenue by standardizing rents and aligning them with current market rates
- Unit Layout: Property is strategically designed to maximize rental income & is well-maintained & easily managed
Executive Summary
PRICE REDUCTION
Self-Storage Offering in Highly Desirable Sarasota MSA
Self-Storage Offering in Highly Desirable Sarasota MSA
Property Facts
| Price | $3,736,947 CAD | Building Class | C |
| Price Per SF | $185 CAD | Lot Size | 0.92 AC |
| Sale Type | Investment | Building Size | 20,150 SF |
| Cap Rate | 8% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1973 |
| Property Subtype | Self-Storage | Parking Ratio | 0.6/1,000 SF |
| Price | $3,736,947 CAD |
| Price Per SF | $185 CAD |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 0.92 AC |
| Building Size | 20,150 SF |
| No. Stories | 1 |
| Year Built | 1973 |
| Parking Ratio | 0.6/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 0428-07-0013 | Improvements Assessment | $1,753,921 CAD |
| Land Assessment | $300,266 CAD | Total Assessment | $2,054,188 CAD |
PROPERTY TAXES
Parcel Number
0428-07-0013
Land Assessment
$300,266 CAD
Improvements Assessment
$1,753,921 CAD
Total Assessment
$2,054,188 CAD
zoning
| Zoning Code | ILW |
| ILW |
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Christopher Travis -
Hunter Robey -
Jack Kaiser -
Ripco Real Estate
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102 James St - The Attic Self-Storage
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