Traditional Site

2394 U.S. Hwy 441 - Fruitland Park, FL  34731

Marcus & Millichap is pleased to off er for sale Fruitland Park Mini Storage located at 2394 U.S. Hwy 441, Frutiland Park, FL. The facility consists of nine buildings with 124 climate controlled units, and 197 standard units for a total of 40,871 net rentable square feet. It also offers 15 parking spaces for rent. The facility has a high current physical occupancy of 90 percent.

The property is located just right off of U.S. Hwy 441 and is in close proximity to several restaurant chains, retailers, and several small colleges. There are over 64,246 people within a five-mile radius and is projected to grow by 13.72 percent within the next fi ve years. Additionally, the property is in an area with strong self storage occupancy statistics.

Fruitland Park Mini Storage investment opportunity offers an investor the ability to acquire a well performing self-storage facility in a competitive market with the potential to increase rental rates to further maximize profit.

This investment opportunity is being offered at $3,150,000 million or $77.07 per rentable square foot.

$3,150,000
Property Type:
Traditional Site 
Status :
Available 
Rentable Square Feet:
40,871 Sq Ft
# of Floors:
1 Floor
Number of Buildings:
9 Bldg(s)
Number of Units:
321 Unit(s)
Room For Expansion
No
Cap Rate:
6.18 %
Days Listed:
60 Days
Updated:
10/19/18 

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