Panama City Self-Storage Portfolio

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Deal Highlights

The Panama City Self-Storage Portfolio makes up two self-storage facilities with a combined physical occupancy at over 99 percent. The opportunity gives an investor room for immense growth in two markets that serve as primary self-storage destinations.

  • Two Self-Storage Facilities Situated in Florida’s Great Northwest Region, the Panama City Metropolitan Statistical Area
  • Fully-Occupied Self-Storage Portfolio at Over 99 Percent Physical Occupancy
  • Ability to Raise Rates Across the Portfolio by 19 Percent to Match Competitor’s Market Levels
  • Capability to Maximize Visibility Through a Consistent Brand
  • Room to Implement a Tenant Insurance Program and Additional Ancillary Income Streams Currently Not Offered at Either Facility
  • Expansion Opportunity of 10,800 NRSF at East Ave Self Storage
  • A Safe Storage is the Only Climate-Controlled Site in 30 Miles
  • No New Developments are Planned Within Five Miles of Each Site
  • Favorable Traffic Counts for Each Site with Each Having a Road with Over 15,000+ VPD

Deal Type

Portfolio

Price

TBD by Market

Pro Forma NOI

$432,811

Total NRSF
73,949 NRSF
Total # of Units
502
Status

Under Contract

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