108 10Th AveWilliston, FL 32696

This exceptional self-storage investment opportunity in Williston, Florida, presents a fully occupied, remotely managed facility boasting a 100% occupancy rate as of September 30, 2024. The property, located at 108 NW 10th Ave, Williston, FL 32696, encompasses 5,030 net rentable square feet on a 3.49-acre lot zoned C-2. The current Net Operating Income (NOI) stands at $70,772, yielding an impressive 8.34% cap rate, with a pro-forma NOI of $73,287 and a pro-forma cap rate of 8.63%. The facility features an automatic entry gate and security cameras, ensuring ease of management and tenant security. Current street rates are significantly below market, offering substantial upside potential. A key advantage is the inclusion of a vacant expansion parcel with frontage along US-41 (approximately 4,000 vehicles per day), allowing for an expansion of approximately 14,000 square feet, already approved by the city of Williston. Further enhancing the property's value is an additional building featuring leased warehouse space and a rental apartment. Williston, situated in Levy County, is experiencing significant growth, fueled by an influx of families and numerous planned residential and multifamily developments. This presents a compelling opportunity for future owners to capitalize on the projected increase in customer demand over the next three years. The asking price for this remarkable investment is $849,000. Projected Year 5 unleveraged IRR is 25.32% and leveraged IRR is 31.91%.