3764 Jacobs XingMiddleburg, FL 32068

Exceptional investment opportunity: a Class A, three-story self-storage facility in Middleburg, Florida, totaling 69,650 net rentable square feet. This 2023-built, single-building property boasts 627 climate-controlled units and sits on a 1.51-acre lot at 3764 Jacobs Xing, 32068. Currently operating at 46.11% occupancy, the property demonstrates significant upside potential, reflected in a pro-forma cap rate of 6.25% and pro-forma NOI of $946,745, compared to the current NOI of $194,978 and a current cap rate of 1.29%. The asking price is $15,150,000, translating to $217.52 per square foot. Located just 19 miles from downtown Jacksonville, this facility benefits from excellent visibility and high daily traffic counts. The surrounding area shows strong demographics, with a population of nearly 100,000 within a five-mile radius, exhibiting a remarkable 49% growth over the past 23 years and projected continued expansion. The property's strategic location amidst numerous multi-family development projects further enhances its long-term growth prospects, with over 750 additional multi-family units planned. The area's median income is $91,000, indicating a strong consumer base. This property presents a compelling investment opportunity for those seeking significant returns in a rapidly growing market.