Property Listing No Longer Available for Sale

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
UpdatedAugust 30th, 2012
TypeIndustrial
Price$1,200,000
Building35,090 Sq. Ft.
Land242 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