Traditional Site

711 E. 13th St. - Saint Cloud, FL  34769

More or Less Storage is a 142 Unit, all Non-Climate Controlled Self Storage Facility located within the rapidly growing City of St. Cloud, located in the Orlando-Sanford Kissimmee MSA. More or Less Storage was constructed in two phases, with the first phase being completed in 2000 and more recently, phase two was newly completed in 2015, which allows new ownership to enjoy the benefits of newly constructed buildings. After years of far below-market rents, a rent raise was implemented in 2018. However, rents remain below market, allowing a new operator to increase top-line revenue through raising rents and reducing concessions. The 2018 rent increase was well absorbed, with physical occupancy remaining high at 96%. More or Less Storage provides a new investor the opportunity to immediately take over a property with tremendous upside through increasing collections, which are historically suboptimal, eliminating multi-unit discounts, increasing rates on select unit sizes, and optimizing management. Implementation of a website, and a self-service rental kiosk will further increase management efficiency, drive traffic and optimize cost-controls More or Less Storage boasts a favorable unit mix, with 30.3% of the total unit count being 10x20, which remain consistently 100% occupied at below market rates. This Facility’s Owners will consider Owner Financing to qualified purchasers.

Price Undisclosed
Property Type:
Traditional Site 
Status :
Sale Pending 
Rentable Square Feet:
16,175 Sq Ft
Acreage:
0.97 Acres
# of Floors:
1 Floor
Number of Buildings:
7 Bldg(s)
Number of Units:
142 Unit(s)
Room For Expansion
No
Days Listed:
18 Days
Updated:
01/22/19 
Broker:
Nye Commercial Advisors 

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