15Th St Mexico Beach, FL 32456

Property Details for 0 15Th St

Lot size

8.30 lot acres

Property size

128,928 SF

Property type

Self storage facilities

Description

This exceptional self-storage portfolio comprises four strategically located properties in the Florida Panhandle, encompassing Mexico Beach, Valparaiso, and Panama City. The portfolio boasts a total of 744 units, including a diverse mix of traditional, drive-up, and climate-controlled options, totaling 87,103 net rentable square feet (128,928 gross rentable square feet including parking) across 8.3 acres. Each property features perimeter fencing, gated entry, and remote management capabilities, ensuring enhanced security and operational efficiency. The properties are well-maintained and designed to maximize rental income. The portfolio presents a compelling value-add opportunity, with potential for increased profitability through occupancy stabilization, expansion of relocatable units, new on-site development, and rental rate adjustments. The favorable Florida investment climate, including the absence of state income tax and high demand for storage solutions, further enhances the investment appeal. Seller financing is available, offering a streamlined closing process with buyer-friendly terms. The portfolio includes 190 traditional units, 188 drive-up relocatable units, 106 climate-controlled drive-up relocatable units, 97 offsite relocatable units, 30 offsite climate-controlled relocatable units, 2 commercial units, 83 uncovered parking spaces, and 46 covered parking spaces. Two on-site storage PUPs are also included. The properties are equipped with internet-based keypads and a corresponding app for remote management, unit rentals, and bill payments. Camera surveillance further enhances security.

Location Insight

City

Mexico Beach

County

Bay

State

Florida

Longitude

-85.3981

Latitude

29.9428