4 Storage Properties + 2.5 Acres of Land

**Properties fall within an Opportunity Zone, offering potential tax advantages.**
Investment Opportunity Overview
This offering includes two recreational storage properties in downtown Eastpoint, Florida, delivering a net operating income (NOI) of $218,396 and a cap rate of 7.28%. Located within an Opportunity Zone, this parcel provides significant tax advantages based on the duration of the investment.
Additionally, included in the offering is 2.5 acres of undeveloped land, enhancing the investment’s potential for future development or expansion.
132/142 E 98 + 148 Highway 98 could be sold separately for $2,400,000
Property Details
Recreational Storage One (24 & 32 Island Drive):
• Enclosed Storage: 10,440 sq. ft.
• 16 enclosed units:
• 7 units (2016): 18x40 ft with walk-in doors.
• 9 units (2024): 15x40 ft, 14 ft height, roll-up doors.
• Lot Size: 1.30 acres.
Recreational Storage Two (132 & 142 Highway 98):
• Enclosed Storage: 9,600 sq. ft.
• Covered Storage: 18,720 sq. ft.
• 15 enclosed units (16x40 ft, 14 ft height, roll-up doors).
• Lot Size: 2.5 acres.
Income & Occupancy
• 67 total units:
• 31 enclosed units (70% rented at $450/month; remaining at $400/month).
• 36 covered units rented at $175/month.
• Fully occupied, providing a reliable income stream.
This opportunity is ideal for investors seeking stable income, long-term tax benefits, and a property with room for future growth.