8151 160Th StFanning Springs, FL 32693

Property Details for 8151 160Th St

Year built

1984

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.03 AC

Property size (Sq ft)

2,400 SF

Property type

Distribution centers

APN

754901100

APU

754901100

Description

This exceptional investment opportunity presents a portfolio of four self-storage facilities strategically located in Trenton and Chiefland, Florida. The portfolio comprises a total of 202 units across four buildings, encompassing 28,471 square feet on a 7.28-acre lot. Built between 1984 and 2007, these properties offer a compelling value-add proposition. Currently operating at an 87% occupancy rate, the portfolio generates a substantial Net Operating Income (NOI) of $227,425, representing a 6.15% capitalization rate. The asking price is $3,700,000, translating to $129.96 per square foot and $18,316.83 per unit. The lease type is gross, and the tenancy is multi. Recent improvements include enhanced signage, optimized Google Maps and Google Reviews presence, rent increases, and the auctioning/clearing of abandoned and delinquent units. Furthermore, the implementation of electronic contracts and auto-pay systems has streamlined operations and minimized cash handling. This portfolio offers a strong foundation for continued growth and profitability through remote management capabilities. The properties are located at: 8151 NW 160th St, 1643 SW SR 26, 1606 E Wade St, all in Trenton, FL 32693, and 6851 NW 135th Ln #2223 in Chiefland, FL 32626.

• CAP approach

  CAP return

  Valuation

  6%

  $1,147,880

  6.5%

  $1,059,580

  7%

  $983,896

• Comparable approach

  Method

  Valuation

  Relative Method

  $261,158

  Geo Method

  $261,158

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $544,892

  Mixed-Use / Specialty

  $544,166

  Hospitality / Lodging

  $400,821

  Office

  $542,201

  Institutional / Educational

  $566,148

  Residential Income

  $662,393

  Multifamily

  $787,693

  Automotive / Energy

  $485,270

  Parking / Income-Based Land

  $166,259

  Restaurant / Food Service

  $285,622

  Healthcare / Senior Housing

  $556,784

Location Insight

City

Trenton

County

Levy

State

Florida

Latitude

29.5623

Longitude

-82.9088

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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