4215 US-231 | Panama City, FL 32404
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4215 US-231
Panama City, FL 32404
StoragePUP of Panama City · Specialty Property For Sale · 34,435 SF
Investment Highlights
- Seller financing available
- 237 Units | 28,705 Gross Rentable SF | 34,435 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
- Robust cash flow offers an investor a strong cash-on-cash return | CASH-ON-CASH RETURN: 8%
- The site is secured with perimeter fencing & gated entry for enhanced safety and the ability to operate remotely
- Panama City self-storage opportunity spanning 1.48 acres, strategically located in an area with a population of 59,465 within 5-miles
Executive Summary
SELLER FINANCING AVAILABLE
CASH-ON-CASH RETURN: 8%
CASH-ON-CASH RETURN: 8%
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.48 AC |
| Cap Rate | 7.25% | Building Size | 34,435 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Self-Storage | Year Built | 2002 |
| Building Class | C |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.48 AC |
| Building Size | 34,435 SF |
| No. Stories | 1 |
| Year Built | 2002 |
PROPERTY TAXES
| Parcel Number | 11464-000-000 | Improvements Assessment | $17,500 |
| Land Assessment | $170,362 | Total Assessment | $187,862 |
PROPERTY TAXES
Parcel Number
11464-000-000
Land Assessment
$170,362
Improvements Assessment
$17,500
Total Assessment
$187,862
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