2008 Griffin Rd - StoragePUP of Leesburg
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2008 Griffin Rd - StoragePUP of Leesburg
20,545 SF Specialty Building Offered at $1,750,000 at a 7.25% Cap Rate in Leesburg, FL 34748
Investment Highlights
- Robust cash flow offers an investor a strong Cap Rate return | CAP RATE RETURN: 7.25%
- The site is secured with perimeter fencing & gated entry for enhanced safety and the ability to operate remotely
- Upside available by stabilizing the occupancy, expansion of relocatable unit business, new on-site development, and ongoing rental rate adjustments
- 250 Units | 20,545 Gross Rentable SF | 60,093 Gross Rentable SF (includes parking) | Diversified unit mix & air-conditioned units available
- Benefit from a favorable insurance landscape with minimal structural coverage requirements, reducing overall costs
- Orlando MSA self-storage opportunity spanning 3.52 acres, strategically located in an area with a population of 61,095 within 5-miles
Executive Summary
CAP RATE RETURN: 7.25%
Gross Rentable SF (Includes Parking): 60,093 SF
Gross Rentable SF: 20,545 SF
Gross Rentable SF (Includes Parking): 60,093 SF
Gross Rentable SF: 20,545 SF
Property Facts
| Price | $1,750,000 | Building Class | C |
| Price Per SF | $85 | Lot Size | 3.52 AC |
| Sale Type | Investment | Building Size | 20,545 SF |
| Cap Rate | 7.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1977 |
| Property Subtype | Self-Storage | Opportunity Zone |
Yes
|
| Price | $1,750,000 |
| Price Per SF | $85 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 3.52 AC |
| Building Size | 20,545 SF |
| No. Stories | 1 |
| Year Built | 1977 |
| Opportunity Zone |
Yes |
Amenities
- Property Manager on Site
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $618,289 | |
| Land Assessment | $297,621 | Total Assessment | $915,910 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$297,621
Improvements Assessment
$618,289
Total Assessment
$915,910
zoning
| Zoning Code | C-2 (Community Commercial) |
| C-2 (Community Commercial) |
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2008 Griffin Rd - StoragePUP of Leesburg
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