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1241 NW 50th Ave - Porterfield Mini Storage

11,980 SF Specialty Building Offered at $1,200,000 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 $1,200,000 Building Class C
Price Per SF $100 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 $1,200,000
Price Per SF $100
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 $135,381
Land Assessment $66,319 Total Assessment $201,700

PROPERTY TAXES

Parcel Number
07966-011-000
Land Assessment
$66,319
Improvements Assessment
$135,381
Total Assessment
$201,700

zoning

Zoning Code I1
I1
(407) 924-1408

  • Listing ID: 32729936

  • Date on Market: 8/8/2024

  • Last Updated:

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

More public record information on 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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