Self Storage Facility with Drive-Up
For Sale
Contact for pricing
1920 SHERMAN AVE, Panama City, FL 32405
Fee simple self-storage asset with gated access, surveillance, and 63 non-climate-controlled drive-up units on 0.71 acres.
Property Size8,750 SF
Price / SF$8.57
Days on Market63
Property Features for 1920 SHERMAN AVE
General Information
Standard status
Active
Size
8,750 SF
Property subtype
Self Storage
Occupancy
66%
Investment Type
Value Add
Building Details
Year Built
1987
Buildings
3
Stories
1
Units
64
Listing Agency:
Marcus & Millichap - Fort Lauderdale
(614) 360-9800
Listed By:
Philip Kates · License #FL 3235872
Source:
Crexi
Added: Jun 19
Changed: Aug 8
Last Checked: Aug 20 at 3:56PM
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 Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
This fee simple self-storage property features 8,750 net rentable square feet across 63 non-climate-controlled, drive-up storage units. The site is gated and equipped with surveillance cameras. The configuration is purpose-built for easy vehicle access, supporting day-to-day customer move-in and move-out activity.
The property is located at 1920 Sherman Avenue in Panama City, Florida, on a 0.71-acre site. It provides strong visibility along Sherman Avenue with reported frontage exposure of approximately 5,293 VPD.
For buyers seeking a storage operator asset, the current operating profile shows physical occupancy at approximately 66.67%, indicating meaningful room to improve through lease-up and revenue management. The combination of drive-up unit access, on-site security features, and visibility along a heavily traveled corridor can support efforts to stabilize occupancy over time.
The property is located at 1920 Sherman Avenue in Panama City, Florida, on a 0.71-acre site. It provides strong visibility along Sherman Avenue with reported frontage exposure of approximately 5,293 VPD.
For buyers seeking a storage operator asset, the current operating profile shows physical occupancy at approximately 66.67%, indicating meaningful room to improve through lease-up and revenue management. The combination of drive-up unit access, on-site security features, and visibility along a heavily traveled corridor can support efforts to stabilize occupancy over time.
Key Highlights
- Fee simple self‑storage property built in 1987
- 8,750 net rentable SF across 63 non‑climate‑controlled drive‑up units
- Gated access with surveillance cameras for added on‑site security
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
258
Businesses Nearby
Explore this area
Business Placement
Demographics for 32405, FL
28,158
Population
13,585
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
92%
High-School Grad
18.8 sq mi
ZIP Area
1,498
Density / Sq Mi
$71,002
Median Household Income
$41,867
Median Earnings
$1,418
Median Rent
$255,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Fee simple self-storage asset with gated access, surveillance, and 63 non-climate-controlled drive-up units on 0.71 acres.
Where is this self storage facility located?
The property is located at 1920 SHERMAN AVE Panama City, FL.
What is the asking price?
The asking price for this property is $75,000.
What are key features of this property?
This property features: Fee simple self‑storage property built in 1987; 8,750 net rentable SF across 63 non‑climate‑controlled drive‑up units; Gated access with surveillance cameras for added on‑site security
