BSRE Group Inc. - 321-209-9947


BSRE Group Inc. Logo

3460 & 3480 Bobbi Ln. - Titusville, FL 32780
$1,700,000

Overview

· For the Listing Flyer Click Here
· 8 Flex Units - Approximatly 8,400 ft²
· 45 Self Storage Units - Approximatly 12,050 Ft²
· 37 RV & Open Storage Spaces
· Zoned Heavy Industrial M-2
· 3 phase power
· 3.56 Acres, fenced and gated

Unit Descriptions

· Flex space units are 1,500 Ft²
· 7 - 10'x10' Units
· 38 - 10'x20' Units
· Parking A - 15 Asphalt Spaces
· Parking B - 15 Asphalt Spaces
· Parking C - 7 Concrete Spaces

Highlights

Property has plans for an additional 20,450 ft². Concrete is poured, contuit and plumbing installed. Drainage is in place for the addtional space. The new owner would only need to take the existing plans to the city and get the plans reapproved, then install 2 more building identical to current buildings. Current owner has the plans and building contractor info for the new owner.

Investment

· Proforma 7.07% Cap Rate
· Profoma assumptions: 7% vacancy, 8% mgmt fee, 5% reserves, estimated property tax and insurance increases, rent adjustments
· Property does not advertise
· Property is not professionally managed
· If new owner self manages the property then mgmt fees would be reduced
· Recoommendations - rental rates should be normalized & raised, occupancy increased on self storage side
· For the Listing Flyer Click Here

BSRE Group Inc - Broker

Brian Satterlee - Broker & Owner

Contact Info

Office Phone: 321-209-9947
Cell Phone: 321-209-9947
Email: Brian@BSREGroup.com



BSRE Group Inc.

Commercial Real Estate Brokerage - Simplifying Commercial Real Estate Transactions For Our Clients

CONTACT US

BSRE Group Inc.

6092 Barna Ave. Titusville FL, 32780

Talk to Us

Email: Info@BSREGroup.com

Tel: 321-209-9947