$2,450,000
Niceville, FL 32578
MLS# 797874
Status: Sold
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Property Description
37,800 sq. ft., two story, 238 unit Climate Controlled Storage Facility. 24 of the units have outside access. The remaining units are interior with 24-hour secure customer access. Dedicated office in lobby could support related business and generate complementary additional income. Facility built in 2005, exceptionally maintained and managed. Gross income $306,000; NOI $185,000; Occupancy 94%; FDOT traffic count for this location is 14,600 daily. Seller is willing to provide financing for qualified buyer. Excellent opportunity to own a seasoned, stable income producing property which requires very little ''hands on'' management. THIS IS AN ASSET SALE NOT AN ENTITY SALE
Details
Contract Info
Listing Board: Emerald Coast
List Date: 2018-05-04
List Price: $2,500,000
Location, Tax and Legal
Sub Area: 1302 - Valp No of Tom's Bayou
Legal Description: COM NE COR NE1/4 OF NW1/4S 3 DEG E 618 FT S 86 DEG W174.3 FT S 53 DEG W 606 FT TOPOB S 53 DEG W 110 FT N 36 DEG W 400 FT N 53 DEG E 110 FT S 36 DEG E 400 FT TO POB LESS ANY PART OF HWY 85 R/W
General Property Info
Vacant: No
Lot Depth: 380
Zoning: C-2
Lot Frontage: 110
Acreage: 0.96
Listing Info, Tax & Legal
As Is: Yes
Remarks & Misc
Remarks: 37,800 sq. ft., two story, 238 unit Climate Controlled Storage Facility. 24 of the units have outside access. The remaining units are interior with 24-hour secure customer access. Dedicated office in lobby could support related business and generate complementary additional income. Facility built in 2005, exceptionally maintained and managed. Gross income $306,000; NOI $185,000; Occupancy 94%; FDOT traffic count for this location is 14,600 daily. Seller is willing to provide financing for qualified buyer. Excellent opportunity to own a seasoned, stable income producing property which requires very little ''hands on'' management. THIS IS AN ASSET SALE NOT AN ENTITY SALE
Class
Income Producing: 1
Retail: 1
Other: 1
Construction Status
Existing: 1
Doors & SqFt
Door Height: 8
Eave Height: 40
Warehouse SF: 37800
None
Current Price: $2,450,000
Status Change Info
Status: Sold
Under Contract Date: 2018-05-21
Sold Date: 2018-09-28
Sold Price: $2,450,000
Location Tax and Legal
Area: 13 - Niceville
Street #: 216
Street Name: Government
Street Suffix: Avenue
State: FL
Zip Code: 32578
County: Okaloosa
Parcel ID: 12-1S-23-0000-0057-0000
Property Features
Class: Income Producing; Retail; Other
Construction Status: Existing
Listing Office: La Florida Coastal Properties
Last Updated: October - 12 - 2024
All information is believed to be accurate but is not guaranteed. Protected by Copyright© 2026 and is owned either by the Emerald Coast Association of REALTORS®, Inc or by the developers of the software, FBS, Inc. All rights reserved.
