Zone Self Storage

$750,000 | 11,850 NRSF | 89 Units | Pensacola, FL

INVESTMENT OVERVIEW

Zone Self Storage is a self-storage facility located at 8200 Lillian Highway in Pensacola, FL. This facility currently holds 89 units containing 11,850 NRSF. The current physical occupancy is 43.82%. Zone Self Storage is surrounded by a high-residential income area with a 6.96% year-2 cap rate and room for expansion. This facility comes with an opportunity to implement a website and offer online rentals to increase physical and economic occupancy and drive up rates. This area contains a high average household income, at $76,859 in a 1-mile radius.  This facility is also the only self-storage facility in a 1-mile radius.

INVESTMENT HIGHLIGHTS

  • $76,859 Average Household Income in a 1-Mile Radius
  • Only facility in a 1-Mile Radius
  • Opportunity to implement a website and offer rentals online
  • Room to expand the facility, concrete pad already poured
  • Road frontage with high visibility

FACILITY SUMMARY

Property Name: Zone Self Storage
Address: 8200 Lillian Hwy, Pensacola, FL 32506
County: Pensacola
Total NRSF: 11,850 NRSF
Total Units: 89 UNITS
Physical Occupancy: 43.82%
Economic Occupancy: 45.74%
Building Count: 3 Single Story Drive-Up Buildings

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