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

Industrial properties

Property subtype

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.

• Alternative Use

  Use

  Valuation

  Residential

  $593,231

  Hospitality

  $543,397

  Educational

  $452,100

  Medical

  $467,648

  Retail

  $703,266

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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