Income Opportunity for Indoor Self Storage
Business Description
Investment Opportunity! Own an established indoor, air-conditioned self storage business. The chain link fenced rental units vary in size from 15 sq. ft. to 132 sq. ft. The fenced rental units are 8' in height. The facility stays air conditioned as do all the contents in the units as opposed to a standard climate controlled indoor storage building. The southern portion of 1350 Lake Washington Road consisting of 2,820 (47' x 60') is currently flex space with office with two rest rooms and with mezzanine storage above plus a 16' height warehouse area with overhead door and personnel door access. Market rental including electric is estimated at $16.00 per sq. ft. annually. The balance of the 9,000 sf building has the self storage units and the insulated ceiling dropped in height to 10'. 1360 Lake Washington Road is 100' x 200' and is a 10' height building with insulated ceiling and walls. The site features concrete drives and parking areas. Security system includes cameras and 6' fenced perimeter. The double gate adjacent to the road prevents access after hours. There are 22 striped parking spaces (the balance of 40 spaces are unstriped) and 10' x 12' dumpster area. Bollards protect the building walls from vehicle damage. The roofs were resurfaced in 2024 and 2025. Both have a 20 year warranty with the manufacturer GAF. The Security Cameras are with ADT/Everon with a DVD recording capability. ATP monitors the doors. The concrete parking lot was redone in 2018.
About the Business
- Facilities & Assets
- The jurisdiction is the City of Melbourne FL. Well maintained metal building with concrete drives and parking spaces
- Opportunities for Growth
- 6.7% Cap Rate. The self storage business concern has historically been 95% to 97% occupied. Additional Income can be derived from a currently vacant 3,000 sf flex space. Desirable location ad zoning category.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 29,000
About the Sale
- Seller Motivation
- Retirement
- Financing Options
- Cash, Conventional Financing
Listing Info
- ID
- 2433331
- Listing Views
Attached DocumentsAttachment Disclaimer
A-1 Storage NOI Estimate.4.xlsx
A-1 Storage Unit Mix, Income.2.xlsx
Business Location
Listing ID: 2433331 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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