For Sale
$2,254,000

2071 Wisteria StEnglewood, FL 34224

High-Demand Storage Facility, 94% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a stabilized, value-add self-storage facility in Englewood, Florida. The property, J&D Storage of Englewood, encompasses 2.58 acres and features 143 units, including 142 uncovered parking spaces dedicated to boat and RV storage, plus one occupied warehouse. Built in 1979 and renovated in 1992, the facility boasts a 94% occupancy rate and a strong 9.98% cap rate, with an asking price of $2,254,000 ($15,762 per unit). The property benefits from abundant LED lighting and gated entry, providing a secure environment for tenants. Located at 2071 Wisteria St, Englewood, FL 34224, this property offers significant upside potential through below-market rents and the possibility of constructing additional conventional storage units or expanding paved and covered parking. The Englewood location, within the Bradenton-Sarasota-Venice MSA, is easily accessible from nearby Tampa and Fort Myers, and benefits from the area's thriving tourism and recreational activities, including seven boat launches within a ten-mile radius. The total square footage ranges from 2,680 to 61,880 square feet. This is a multi-tenant, gross lease property with a strong track record and significant growth potential. The property's APN is 412004381002.

Highlights

  • RV/Boat storage facility in Englewood, Florida.
  • Substantial growth potential via new conventional storage units or expanded parking.
  • Significant upside due to below-market rents.
  • 142 uncovered boat/RV parking spaces and one warehouse on ~2.58 acres.
  • Seven boat launches within a ten-mile radius.
  • Located in the Bradenton-Sarasota-Venice MSA.

Property Details for 2071 Wisteria St

Property type
Self storage facilities
Square Feet
2,680 SF
Year Built/Renovated
1979/1992
Lot Size (sq. ft)
112,385 SF
Units
143

Location Insight

City
Englewood
County
Charlotte
State
Florida
Latitude
26.933474614943
Longitude
-82.314320073574
2071 Wisteria St, Englewood, Florida

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2071 Wisteria St
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