Niceville Loc-N-Stor

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Deal Highlights

Niceville Loc-N-Stor is located minutes from the Destin, Florida Metro Area’s largest employers. The facility is in the heart of a lucrative market with strong asking rates and an average household income exceeding the U.S. average.

  • Opportunity to Raise the Facility’s Economic Occupancy
  • Acquisition Guarantees a Cash-Flowing, Self-Storage Asset Operating at Near-Full Physical Occupancies
  • Market Boasts High Asking Rates for All Storage Unit Sizes
  • Favorable Traffic Counts Along Both Government Avenue and West John Sims Parkway of 23,500+ VPD and 40,000+ VPD, Respectively
  • Above Average Household Median Incomes in the Five-Mile Radius of Over $82,000 Annually in an Area Lauded for its Safety, Cost of Living and Family-Friendly Amenities Within the City
  • Incredibly Close Proximity to Major Employers in the Niceville Area, Including the Eglin Air Force Base and the Destin-Fort Walton Beach Airport
  • Situated on Florida’s Emerald Coast, Also Known as the State’s Great Northwest, Minutes from Both Metro Area Anchors Destin and Fort Walton Beach

Address

216 Government Ave, Niceville, FL 32578

Price

TBD by Market

Pro Forma NOI

$394,397

Net Rentable Square Feet
23,916 NRSF
Lot Size

0.95

Unit Count
226
Year Built
2005
Year Renovated

2020

Status

Active

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