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1241 NW 50th Ave - Porterfield Mini Storage

11,980 SF Specialty Building Offered at $1,700,964 CAD at a 6.73% Cap Rate in Gainesville, FL 32609

Self Storage Facilities Florida Gainesville 1241 NW 50th Ave, Gainesville, FL 32609

Investment Highlights

  • Seller financing available • 5% Interest only
  • Upside potential: Upside through standardizing rents / raising rents to market
  • Solid inventory: 85 Total storage units | 11,980 SF
  • Excellent return with seller financing: Cash-On-Cash return year 1: 8.46%
  • Development & expansion opportunity: Further upside through the addition of storage units
  • Ideal location: Located approximately 4 miles from The University of Florida & 5 miles from the Gainesville Regional Airport

Executive Summary

Seller Financing Available • 5% Interest Only

Property Facts

Price $1,700,964 CAD Building Class C
Price Per SF $142 CAD Lot Size 1.00 AC
Sale Type Investment Building Size 11,980 SF
Cap Rate 6.73% No. Stories 1
Property Type Specialty Year Built/Renovated 2005/2006
Property Subtype Self-Storage Parking Ratio 1.5/1,000 SF
Price $1,700,964 CAD
Price Per SF $142 CAD
Sale Type Investment
Cap Rate 6.73%
Property Type Specialty
Property Subtype Self-Storage
Building Class C
Lot Size 1.00 AC
Building Size 11,980 SF
No. Stories 1
Year Built/Renovated 2005/2006
Parking Ratio 1.5/1,000 SF

Amenities

  • Signage
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PROPERTY TAXES

Parcel Number 07966-011-000 Improvements Assessment $189,723 CAD
Land Assessment $92,939 CAD Total Assessment $282,662 CAD

PROPERTY TAXES

Parcel Number
07966-011-000
Land Assessment
$92,939 CAD
Improvements Assessment
$189,723 CAD
Total Assessment
$282,662 CAD

zoning

Zoning Code I1
I1
(407) 924-1408

  • Listing ID: 32729936

  • Date on Market: 2024-08-08

  • Last Updated:

  • Address: 1241 NW 50th Ave, Gainesville, FL 32609

The Specialty Property at 1241 NW 50th Ave, Gainesville, FL 32609 is currently available For Sale. Contact Ripco Real Estate for more information.

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1241 NW 50th Ave - Porterfield Mini Storage
(407) 924-1408 x

1241 NW 50th Ave - Porterfield Mini Storage

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Christopher Travis

(407) 924-1408

(407) 924-1408

Jack Kaiser

(813) 921-5635

(813) 921-5635

Hunter Robey

(813) 320-0050

(813) 320-0050

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