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Self-Storage Facility on Prime Land

5550 15TH E STREET Bradenton, FL 34203

5550 15TH E STREET, Bradenton, FL, 34203

$8,000,000

For Sale

$8,000,000

Self-storage facility with 265 units and 16 parking spaces.

Property Size49,800 SF

Lot Size3.00 Acres

Price / SF$160.64

AddedApr 18, 2025

Days on Market454

Last RefreshMay 28 at 5:50 pm

Property Features for 5550 15TH E STREET

General Information

Standard status: Active
Size: 49,800 SF
Lot size: 3.00 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1992

Listing office GB INTERNATIONAL REALTY

Listing date Apr 18, 2025

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 GB INTERNATIONAL REALTY

Investment Insights

Based on property information with market context.

This property features a self-storage facility consisting of 9 concrete buildings situated on over 3 acres of prime commercial land in an active area of Manatee County. The facility includes 265 self-storage units of various sizes: 144 units at 10x20, 36 units at 10x10, and 20 units at 20x20, plus 16 parking spaces. There are currently two office spaces, with the possibility of adding a third. The property also includes a leased cell tower. Recent improvements include a new roof installed in 2023, replacement of downspouts and gutters in 2023, painting in 2023, and paving in 2023. The property's total size is 49,800 square feet.

Key Highlights

265 self‑storage units of various sizes PLUS 16 parking spaces
Over 3 acres of prime commercial property in active Manatee County area
New roof, paving, paint, downspouts and gutters all completed in 2023

Local Financial Insights For Self Storage

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$776.9k	$15.60
− Vacancy	−$38.8k	−$0.78
EGI	$738.0k	$14.82
− OpEx	−$221.4k	−$4.45
NOI	$516.6k	$10.37

49,800 SF · lease $15.60/SF/yr · vacancy 5.00% · expense 30.00%

Alternative Uses

Best Use

Self Storage

$7.38M

$6.46M – $8.61M (±1% cap)

NOI $516,625 @ 7.0% cap · market cap 6.46%

Second Best

Industrial

$5.99M

$5.24M – $6.98M (±1% cap)

NOI $418,956 @ 7.0% cap · market cap 5.24%

Theoretical Best

Office A

$14.64M

$12.81M – $17.09M (±1% cap)

NOI $1,025,123 @ 7.0% cap · market cap 12.81%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Dayna Haney Storage Facility Mcgee pro cleaning ... Landscaping Crown Mini Storage Storage Facility

Suggested Use

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For sale
Self storage facilities
FL
Bradenton
34203
5550 15TH E STREET

What type of property is this?

Self storage facility - Self-storage facility with 265 units and 16 parking spaces.

Where is this self storage facility located?

The property is located at 5550 15TH E STREET Bradenton, FL.

What is the asking price?

The asking price for this property is $8,000,000.

What are key features of this property?

This property features: 265 self‑storage units of various sizes PLUS 16 parking spaces; Over 3 acres of prime commercial property in active Manatee County area; New roof, paving, paint, downspouts and gutters all completed in 2023