For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

8151 160Th St Fanning Springs, FL 32693

For Sale
$3,700,000

Four facilities, high ROI potential.

Property size:
28,471 SF

Description

Added:
Dec 11, 2024
Days on Market:
369
This exceptional investment opportunity presents a portfolio of four self-storage facilities strategically located in Trenton and Chiefland, Florida. The portfolio comprises a total of 202 units across four buildings, encompassing 28,471 square feet on a 7.28-acre lot. Built between 1984 and 2007, these properties offer a compelling value-add proposition. Currently operating at an 87% occupancy rate, the portfolio generates a substantial Net Operating Income (NOI) of $227,425, representing a 6.15% capitalization rate. The asking price is $3,700,000, translating to $129.96 per square foot and $18,316.83 per unit. The lease type is gross, and the tenancy is multi. Recent improvements include enhanced signage, optimized Google Maps and Google Reviews presence, rent increases, and the auctioning/clearing of abandoned and delinquent units. Furthermore, the implementation of electronic contracts and auto-pay systems has streamlined operations and minimized cash handling. This portfolio offers a strong foundation for continued growth and profitability through remote management capabilities. The properties are located at: 8151 NW 160th St, 1643 SW SR 26, 1606 E Wade St, all in Trenton, FL 32693, and 6851 NW 135th Ln #2223 in Chiefland, FL 32626.

Property Features for 8151 160Th St

General Information

Property type
Self storage facilities
Square Feet
28,471 SF
Lot Size
317,117 SF

Building Details

Buildings
4
Units
202

HighLights

  • Four self‑storage facilities totaling 28,471 square feet on 7.28 acres in Trenton and Chiefland, Florida.
  • 202 units with 87% occupancy, generating $227,425 NOI and a 6.15% cap rate.
  • Asking price: $3,700,000 ($129.96/SF, $18,316.83/unit).
  • Recent improvements include enhanced signage, improved online presence (Google Maps & Reviews), rent increases, and disposition of delinquent units.
  • Streamlined operations via electronic contracts and automated payments.
  • Remote management capabilities.
Property Profile Location Intelligence

Current Use by Public Records

Self storage facilities

Suggested Use

Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy Auto Parts Store

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

Location Insight

  • Map
  • Local Demand
City
Fanning Springs
County
Levy
State
Florida
Longitude
-82.9089095
Latitude
29.5623743

FAQs

What type of property is this?
Self storage facility - Four facilities, high ROI potential.
Where is this self storage facility located?
The property is located at 8151 160Th St Fanning Springs, FL.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Four self-storage facilities totaling 28,471 square feet on 7.28 acres in Trenton and Chiefland, Florida.; 202 units with 87% occupancy, generating $227,425 NOI and a 6.15% cap rate.; Asking price: $3,700,000 ($129.96/SF, $18,316.83/unit).
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message