Gated Climate-Controlled Storage Building

1245 Bld-9 CANAL STREET Bld-9, New Smyrna Beach, FL 32168

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For Sale

$975,500

Climate-controlled storage building in New Smyrna Beach for sale.

Type:Commercial/Industrial

Property size:

5,776 SF

Lot size:

2.91 Acres

Price / SF:

$168/SF

HighLights

Gated and climate‑controlled storage buildings in a central location.
Ten individual units totaling 5,776 sqft, each with its own mini‑split system and wireless temperature control.
2‑hour fire ratings between each unit for enhanced safety.
Shared commercial condo office with bathrooms and meeting area.
Includes a 13K - 6 wheeled remote‑controlled trailer dolly available for use.
Secure grounds with lighting, security cameras, full fencing, keypad entry, and vehicle tag reader.

We can help!

Listing Contact

Peter Beaulieu

For Sale

$975,500

Climate-controlled storage building in New Smyrna Beach for sale.

Type:Commercial/Industrial

Property size:

5,776 SF

Lot size:

2.91 Acres

Price / SF:

$168/SF

Added:: Sep 9, 2024
Days on Market:: 642
Last Refresh:: May 20 at 12:21 am

Property Features for 1245 Bld-9 CANAL STREET Bld-9

General Information

Standard status: Active
Size: 5,776 SF
Lot size: 2.91 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1959

We can help!

Listing Contact

Peter Beaulieu

Listing agent Peter Beaulieu License #3249833

Listing office THE KEYES COMPANY

Listing date Sep 9, 2024

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of THE KEYES COMPANY

HighLights

Gated and climate‑controlled storage buildings in a central location.
Ten individual units totaling 5,776 sqft, each with its own mini‑split system and wireless temperature control.
2‑hour fire ratings between each unit for enhanced safety.
Shared commercial condo office with bathrooms and meeting area.
Includes a 13K - 6 wheeled remote‑controlled trailer dolly available for use.
Secure grounds with lighting, security cameras, full fencing, keypad entry, and vehicle tag reader.

Overview

Offered to the public for the first time, this gated, climate-controlled storage building is located in the center of New Smyrna Beach. Building 9 features 10 separate units, totaling 5,776 square feet, all under air with 2-hour fire ratings between each unit. Each unit is equipped with its own mini-split system with wireless controllers in a lockbox for temperature control. Building owners have access to the commercial condo office, which includes bathrooms and a meeting area. A maintenance building on the property houses a 13,000-pound, 6-wheeled remote-controlled trailer dolly available for use by all building owners. The grounds feature excellent lighting, security cameras, and full fencing for privacy and safety. The main entry includes a keypad entry and a vehicle tag reader.

Local Financial Insights For Self Storage

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$86.6k	$15.00
− Vacancy	−$5.2k	−$0.90
EGI	$81.4k	$14.10
− OpEx	−$24.4k	−$4.23
NOI	$57.0k	$9.87

5,776 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 30.00%

Alternative Uses

Best Use

Self Storage

$814.4K

$712.6K – $950.2K (±1% cap)

NOI $57,009 @ 7.0% cap · market cap 5.84%

Second Best

Industrial

$491.2K

$429.8K – $573.1K (±1% cap)

NOI $34,387 @ 7.0% cap · market cap 3.53%

Theoretical Best

Office A

$1.70M

$1.49M – $1.99M (±1% cap)

NOI $119,217 @ 7.0% cap · market cap 12.22%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Self storage facilities

Suggested Use

Location Insight

Map
Local Demand

City: New Smyrna Beach
County: Volusia
State: Florida
Longitude: -80.9365
Latitude: 29.0188

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For sale
Self storage facilities
FL
New Smyrna Beach
32168
1245 Bld-9 CANAL STREET Bld-9

What type of property is this?

Self storage facility - Climate-controlled storage building in New Smyrna Beach for sale.

Where is this self storage facility located?

The property is located at 1245 Bld-9 CANAL STREET Bld-9 New Smyrna Beach, FL.

What is the asking price?

The asking price for this property is $975,500.

What are key features of this property?

This property features: Gated and climate‑controlled storage buildings in a central location.; Ten individual units totaling 5,776 sqft, each with its own mini‑split system and wireless temperature control.; 2‑hour fire ratings between each unit for enhanced safety.