2424 Hibiscus Dr | Edgewater, FL 32141
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2424 Hibiscus Dr
Edgewater, FL 32141
Specialty Property For Sale · 13,936 SF
Investment Highlights
- Calculated Pro Forma Cap Rate of 11.8%
- This freestanding storage facility is comprised of 105 total units: 96 standard and 9 climate controlled.
- The current owner recently retired and prefers a quick sale process – reach out today for more information.
- Currently 25% occupied with value-add potential through lease-up and raising the current rental rates.
- Excellent investment opportunity for a self-storage facility in the fast-growing community of Edgewater, Florida.
- Features include concrete block construction and options for highly visible signage along the heavily trafficked Hibiscus Rd.
PROPERTY FACTS
| Property Type | Specialty | Building Size | 13,936 SF |
| Property Subtype | Self-Storage | No. Stories | 1 |
| Building Class | C | Year Built/Renovated | 1984/2020 |
| Lot Size | 1.06 AC | Parking Ratio | 1/1,000 SF |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.06 AC |
| Building Size | 13,936 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1984/2020 |
| Parking Ratio | 1/1,000 SF |
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | 8402-01-06-8330 | Improvements Assessment | $793,710 |
| Land Assessment | $220,020 | Total Assessment | $1,013,730 |
PROPERTY TAXES
Parcel Number
8402-01-06-8330
Land Assessment
$220,020
Improvements Assessment
$793,710
Total Assessment
$1,013,730
zoning
| Zoning Code | 07B2 |
| 07B2 |
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