5515 Woodbine Rd, Pace, FL
Industrial for Sale - $1,200,000 - 35,090 Sq. Ft. on 242 acres
Property Info
| CIMLS# | 456500 |
| Location 5515 Woodbine Rd Pace FL 32571 | |
| Updated | August 30th, 2012 |
| Type | Industrial |
| Price | $1,200,000 |
| Building | 35,090 Sq. Ft. |
| Land | 242 acres |
Property Description
Woodbine Self Storage is a 239 unit, stabilized self storage facility located just south of 5 Points Intersection in Pace and adjacent to Stonebrook Golf Club.
The facility consists of 35,090 square feet, 8 buildings, 3 buildings are climate controlled and 5 buildings are non-climate controlled.).
The facility has enjoyed several years of high occupancy and currently the projects is 78% occupied. This is due to several factors, including active management, a niche location directly beside the 600+ home Stone brook subdivision, and low market rates.
Gross rents for 2011 were $135,613 and in 2010 they were $152,47000. NOI is $100,500 for 2011, initial cap rate is 8.4%
Please call Justin Beck, listing broker to schedule a property tour.
Financials
Finance Data Year: 2011
Real Estate Taxes: $14,115
Tax Value: $239,277
Tax Value: $460,339
Assessed Value: $699,616
Potential Rental Income: $177,706
Net Operating Income: $100,500
Actual or Proforma Year: Actual