6126 Thomas Dr, Panama City, FL 32408
9,100 SF Specialty Building Offered at $1,650,000 in Panama City, FL 32408
For Sale
Active
Asking Price $1,650,000
- Property Type
-
Specialty
- Square Feet
- 9,100 SF
- Price / Square Foot
- $181
Listing Contacts
Zacarias Sanchez
Property Overview
6126 Thomas Drive, Panama City Beach, FL is a comprehensive self-storage facility including over 94 storage units, some of which are climate-controlled, to cater to various storage needs. The property includes 2 office units with a total office space of approximately 1,513 square feet. This facility is equipped to support both administrative functions and customer service needs. The property's strategic location with great visibility on a heavily trafficked highway enhances its accessibility and visibility, contributing to its potential for generating steady income.
Expected Pro Forma CAP rate expected to be ±8.33%.
Expected Pro Forma CAP rate expected to be ±8.33%.
Property Details
- Class
- B
- Year Built
- 1997
- Stories
- 1
- Property Subtype
- Self-Storage
- Lot Size (sq. ft)
- 33,106 SF
Highlights
- Located on Thomas Drive, a prime tourist hotspot with beachfront accommodations, commercial establishments, and easy access to major highways.
- The facility offers 21 climate-controlled units (8x5) and 80 non-climate controlled units ranging from 7x6 to 10x8 in size.
- Remodeled as of April 1st, investors can lease both storage and office spaces, with a potential annual income of up to $150,000.
- The presence of nearby condos and rental properties ensures a steady flow of potential customers, creating a demand for storage needs.
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