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141 Commerce Blvd - Best American Storage

47,200 SF Specialty Building Offered at $9,851,069 CAD at a 5.26% Cap Rate in Port Saint Joe, FL 32456

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Investment Highlights

106 non-climate units, 75 climate controlled units, & 29 covered boat/RV spaces with washing stations
Automated gates with key pad along with security camera surveillance
~25,000 NRSF of expansion opportunity

12 office spaces at 1,000 NRSF each
91% physical occupancy (96% occupancy excluding parking)
47,200 NRSF

Executive Summary

Premier Commercial Group is pleased to offer for sale Best American Storage located in the charming city of Port St. Joe, Florida. The facility consists of 310 rentable units and is housed on 6.71 acres supporting 47,200 of NRSF with a humble ~ 25,000 NRSF of expansion opportunity, allowing the next owner to keep up with the tenant waiting list already in place as well as Florida’s population increases (~1000 new residents a day). This facility is currently stabilized, and cash flowing at 91% occupancy and offers excellent frontage on Commerce Blvd. This great location, coupled with the property's impeccable maintenance and attention to detail, makes it the standard for storage in the Port St. Joe market.

Brochure-3

Property Facts

Price	$9,851,069 CAD	Lot Size	6.71 AC
Price Per SF	$209 CAD	Building Size	47,200 SF
Sale Type	Investment	No. Stories	1
Cap Rate	5.26%	Year Built	2004
Property Type	Specialty	Parking Ratio	0.25/1,000 SF
Property Subtype	Self-Storage	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	B

Price	$9,851,069 CAD
Price Per SF	$209 CAD
Sale Type	Investment
Cap Rate	5.26%
Property Type	Specialty
Property Subtype	Self-Storage
Building Class	B
Lot Size	6.71 AC
Building Size	47,200 SF
No. Stories	1
Year Built	2004
Parking Ratio	0.25/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.