NEW LISTING | Haines City Saver Self Storage

Haines City Saver Self Storage

Haines City, Florida

Lakeland, Florida MSA Self-Storage Offering in the Rapidly Growing Area of Haines City
Price: $9,200,000
Price/SF: $147.84
Current Cap Rate: 6.00%
Year 1 Cap Rate: 6.65%
Year 2 Cap Rate: 7.28%
Year 3 Cap Rate: 7.72%
Year 4 Cap Rate: 8.18%
Year 5 Cap Rate: 8.66%
Current Physical Occupancy: 82.80%
Current Economic Occupancy: 85.50%
62,230 Net Rentable Square Feet
168 Climate Controlled Self Storage Units | 228 Non-Climate Controlled Self Storage Units | 4 Retail Spaces | 22 Outdoor Boat/RV/Vehicle Parking Spaces | 18 Covered Parking Spaces
Additional 1,500 SF Office (not included in unit mix) Currently Used as Management Office
Rapidly Growing Surrounding Population Base: Population Within a 5-Mile Radius has Grown by 43.27% Since 2010 and is Projected to Grow an Additional 15% in the Next 5 Years
Currently Below Market Asking Rates
Recent Capital Improvements: New Asphalt Paving
Recently Added Tenant Insurance
High Daily Traffic Counts: Approx. 20,000 Cars/Day off US Highway 17 92 West
Excellent Visibility Along Both US Hwy 17-92 (FL-600) and Old Dixie Hwy (Lee Jackson Memorial Hwy)