Self Storage Portfolio
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Self Storage Portfolio
4 Specialty Properties Offered at $4,252,259 CAD in Eastpoint, FL
Investment Highlights
- Net operating income (NOI) of $218,396
- High demand, competitive pricing, and secure location.
- The site is secured with perimeter fencing & gated entry for enhanced safety.
- Robust cash flow offers an investor a strong Cap Rate return | CAP RATE RETURN: 7.28%
- Upside potential: Upside through standardizing rents / raising rents to market
- Properties fall within an Opportunity Zone, offering potential tax advantages.
Executive Summary
Investment Opportunity Overview
This offering includes two recreational storage properties, strategically located in the heart of downtown Eastpoint, Florida yielding a robust net operating income (NOI) of $218,396, translating to a cap rate of 7.28%.
Ideally located in an Opportunity Zone, this parcel bestows tremendous tax benefits depending upon the length the investment is held.
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.
• 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).
• 2.5 acres
Income & Occupancy
• Income Breakdown:
• Enclosed units: 70% rented at $450/month; remainder at $400/month.
• Covered storage: $175/month.
• 67 total units (36 covered).
• Occupancy: Fully occupied
This opportunity offers a stable income stream, tax benefits, and strong market appeal, making it a compelling addition to an investor’s portfolio.
This offering includes two recreational storage properties, strategically located in the heart of downtown Eastpoint, Florida yielding a robust net operating income (NOI) of $218,396, translating to a cap rate of 7.28%.
Ideally located in an Opportunity Zone, this parcel bestows tremendous tax benefits depending upon the length the investment is held.
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.
• 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).
• 2.5 acres
Income & Occupancy
• Income Breakdown:
• Enclosed units: 70% rented at $450/month; remainder at $400/month.
• Covered storage: $175/month.
• 67 total units (36 covered).
• Occupancy: Fully occupied
This opportunity offers a stable income stream, tax benefits, and strong market appeal, making it a compelling addition to an investor’s portfolio.
Data Room Click Here to Access
- Offering Memorandum
Taxes & Operating Expenses (Actual - 2024) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$327,424
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$327,424
|
| Taxes |
$16,164
|
| Operating Expenses |
$1,701
|
| Total Expenses |
$17,865
|
| Net Operating Income |
$309,559
|
Taxes & Operating Expenses (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $327,424 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $327,424 |
| Taxes (CAD) | |
|---|---|
| Annual | $16,164 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $1,701 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,865 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $309,559 |
Property Facts
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 24 Island Dr, Eastpoint, FL 32328 | Specialty | 5,220 SF | 2016 | - |
| 142 E 98 Hwy, Eastpoint, FL 32328 | Specialty | 18,720 SF | 2023 | - |
| 132 E 98 Hwy, Eastpoint, FL 32328 | Specialty | 9,600 SF | 2023 | - |
| 32 Island Dr, Eastpoint, FL 32328 | Specialty | 5,220 SF | 2023 | - |
-
Gabrielle Levin -
Levin Investments Inc
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