204 Kelley Rd, Valparaiso, FL 32580
19,650 SF Specialty Building Offered at $765,000 at a 6.35% Cap Rate in Valparaiso, FL 32580
For Sale
Active
Asking Price $765,000
- Property Type
-
Specialty
- Square Feet
- 19,650 SF
- Price / Square Foot
- $39
Listing Contacts
Brett Stuart
Property Overview
Value Add investment property in Central Okaloosa County, FL. Boasting a well-maintained 19,650 SF self storage complex boasting 196 units, this facility offers ample space for a thriving Self Storage business. Phase 1 built in 1998 and phase 2 built in 2005, the property is designed to meet the diverse needs of tenants. Zoned C-2 by the City of Niceville, this strategically located asset presents an ideal setting for an owner / investor seeking a robust and lucrative opportunity with tremendous upside. With its strategic location, this property is poised to deliver significant returns. Current rent roll is only at 75% occupied at what I believe are under market rent. This property is all non-climate controlled space.
Property Details
- Class
- C
- Year Built
- 1998
- Stories
- 1
- Property Subtype
- Self-Storage
- Lot Size (sq. ft)
- 61,855 SF
Highlights
- Value Add - only 75% occupied currently
- Leases at below market rates
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