428 Government Ave - StoragePUP of Valparaiso
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428 Government Ave - StoragePUP of Valparaiso
23,799 SF Specialty Building Offered at $1,123,000 at a 7.25% Cap Rate in Valparaiso, FL 32580
Investment Highlights
- Robust cash flow offers an investor a strong cash-on-cash return | CASH-ON-CASH RETURN: 8.02%
- The site is secured with perimeter fencing & gated entry for enhanced safety and the ability to operate remotely
- Facility is equipped with internet-based keypad entry, and comes with an app for easy access, providing customers the ability to rent units and pay t
- 151 Units | 20,424 Gross Rentable SF | 23,799 Gross Rentable SF (includes parking) | Diversified unit mix & air-conditioned units available
- Upside available by stabilizing the occupancy, expansion of relocatable unit business, new on-site development, and ongoing rental rate adjustments
- Self-Storage opportunity spanning 1.03 acres, strategically located in an area with a population of 70,132 within 5-miles
Executive Summary
SELLER FINANCING AVAILABLE
CASH-ON-CASH RETURN: 8.02%
CASH-ON-CASH RETURN: 8.02%
Property Facts
| Price | $1,123,000 | Building Class | C |
| Price Per SF | $47 | Lot Size | 1.03 AC |
| Sale Type | Investment | Building Size | 23,799 SF |
| Cap Rate | 7.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1988 |
| Property Subtype | Self-Storage |
| Price | $1,123,000 |
| Price Per SF | $47 |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 23,799 SF |
| No. Stories | 1 |
| Year Built | 1988 |
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | 12-1S-23-253E-0022-0050 | Improvements Assessment | $386,030 |
| Land Assessment | $275,625 | Total Assessment | $661,655 |
PROPERTY TAXES
Parcel Number
12-1S-23-253E-0022-0050
Land Assessment
$275,625
Improvements Assessment
$386,030
Total Assessment
$661,655
zoning
| Zoning Code | I-1 (Industrial) |
| I-1 (Industrial) |
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428 Government Ave - StoragePUP of Valparaiso
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