265 Unit Storage
5550 15th Street East Bradenton, FL 34203
For Sale
Contact for pricing
Self-storage facility for sale, featuring 265 units.
Property Size49,800 SF
Price / SF$160.64
Days on Market68
Property Features for 5550 15th Street East
General Information
Standard status
Active
Size
49,800 SF
Property subtype
Retail, Self Storage
Building Details
Year Built
1992
Listing Agency:
GB INTERNATIONAL REALTY
Listed By:
Gloria Brush · License #BK3272167
Source:
Crexi
Added: May 23
Changed: Jul 10
Last Checked: Jul 28 at 5:02PM
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 commercial real estate offering is a self-storage facility featuring 265 units. The property encompasses a total size of 49800 square feet.
Key Highlights
- 265 unit storage business
- Established business - turnkey opportunity
- Built in 1992
Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
NOI $516,625 @ 7.0% cap · market cap 6.46%
Second Best
Industrial
$5.99M
$5.24M – $6.98M
NOI $418,956 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$14.64M
$12.81M – $17.09M
NOI $1,025,123 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Self storage facility - Self-storage facility for sale, featuring 265 units.
Where is this self storage facility located?
The property is located at 5550 15th Street East 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 unit storage business; Established business - turnkey opportunity; Built in 1992
