For Sale
$4,299,000

3561 Taylor RdPunta Gorda, FL 33950

High-Yield Self Storage Facility in Florida

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional value-add self-storage facility in Punta Gorda, Florida, presents a compelling investment opportunity. Boasting 400 units and 30,336 square feet of net rentable space (93,431 gross square feet including parking) across 2.67 acres, this property offers significant upside potential. The facility features a diverse unit mix, including drive-up and climate-controlled options, plus commercial units and ample parking. Security measures include perimeter fencing, gated entry with internet-based keypad access and 24/7 camera surveillance. The property benefits from a favorable insurance landscape and a strong cash flow, projecting a 9.44% pro-forma cap rate and a 12% cash-on-cash return. Seller financing is available. Strategic location and high demand for storage in Florida, coupled with opportunities to increase occupancy, expand relocatable units, and adjust rental rates, make this a truly attractive investment. The property's well-maintained condition and ease of management further enhance its appeal. The asking price is $4,299,000, with a price per unit of $10,747.50 and a price per square foot of $46. The property's APN is 41-23-16-351-004 and is located at 3561 Taylor Rd, Punta Gorda, FL 33950. This is a gross lease property with multi-tenancy.

Highlights

  • $4,299,000 asking price for a value-add self-storage facility.
  • 93,431 total square feet (30,336 net rentable square feet) with 400 units.
  • 9.00% cap rate, 9.44% pro-forma cap rate, and a $46 per square foot price.
  • 12% cash-on-cash return.
  • 2.67-acre lot in Punta Gorda, Florida, with perimeter fencing and gated entry.
  • Fully fenced and gated with 24/7 access, camera surveillance, and internet-based keypad entry.

Property Details for 3561 Taylor Rd

Property type
Self storage facilities
Square Feet
93,431 SF
Lot Size (sq. ft)
116,305 SF
Units
400

Location Insight

City
Punta Gorda
County
Charlotte
State
Florida
Latitude
26.904031045854
Longitude
-82.020278232717
3561 Taylor Rd, Punta Gorda, Florida

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3561 Taylor Rd
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