Ocala Self Storage Portfolio

68,700 NRSF | 594 Units | Ocala, FL

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Investment Details:

The Ocala Storage Portfolio will provide new ownership the opportunity to acquire two institutional quality facilities in the Ocala, Florida Market. Comprised of nearly 70,000 Square feet, these two facilities represent the best-of-market in terms of quality, upkeep, occupancy, and management. This portfolio boasts a premier location, with high visibility, superior curb appeal, and convenient access to several high-end housing developments, including the fly-in JumboLair Community, and the Adena Golf and Country Club.

 

Investment Highlights:
  • This portfolio provides growth opportunity through rent raises, increasing operational efficiency and expense management, as well as approximately 18,930 NRSF climate controlled expansion potential at the Jacksonville Rd. Location.
  • Both facilities boast high physical occupancies of 99.7% and 93.7% which demonstrate both the quality of the facilities as well as the demand for self-storage within the portfolio trade area.
  • 649 units comprised of 23 non-climate hallway, 154
    climate, and 472 standard non-climate units
  • Further opportunity to boost income through secondary income sources such as retail sales, implementation of a tenant insurance program, and mailbox services.
  • No Deferred Maintenance on either facility 

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