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Turn Key, 40 Unit Storage Facility in Lake Placid!



$399,900

SOLD

220 Atherton Ave NW

Lake Placid, FL

  • This property is turn key and currently 99% occupied.
  • Currently bringing in $4,002.14 per month on average for the first half of 2020. Can bring in $5,430 or more at 100% occupancy!
  • There are 4 steel buildings consisting of 40 units total.
  • Unit sizes range from 5x10 up to 24x40.
  • Break down of unit sizes are as follows: 8 - 5x10's 19 - 10x10's 8 - 20x20's 5 - 24x40's
  • Facility is ran completely offsite via online registration and payment system.
  • Cap Rate is 7.42% at current occupancy! Not including renting vacant lot.
  • Gated, vacant 27,720 sq.ft. lot behind the facility is included. Perfect for RV/boat storage or add additional buildings for increased revenue. Lot can bring in approx. $2,500 based on rents at $1.59 per linear foot.
  • Sale includes the domain name www.PlacidLakesStorage.com plus several others that are pointed to that site, current SiteLink operated website and management system ($60 per month service fee), and access to all materials to make this a truly turnkey investment!

Documents

 
Site Plans and Surveys Current P&L Current Rent Rolls


  • Sale Comps $550K - $575K
  • Rental Comps $5,500 - $6,000
  • Property Type Commercial
  • Location Lake Placid, FL 33852
  • Size 12400 sq. ft.
  • Bedrooms 0
  • Bathrooms 0
  • TAV 311.9K
  • Annual Taxes $5,446
  • Year Built 1990

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