Tallahassee, FL Self Storage

Retail-Commercial for Sale
Catylist Listing ID: 30819822
Property Subtypes: Street Retail, Other
Building Size (RSF): 29,611 SF
Gross Building Area: 37,800 SF
Gross Land Area: 1.58 Acres
Sale Price: $6,975,000
Unit Price: $235.55 PSF
Property Use Type: Investment, Business
Building Name: MRZ Storage
Sale Terms: Cash to Seller
Cap Rate: 4.7%
Average Occupancy Rate: 98
Last Updated: 9/22/2023

Overview / Comments

The property sits on 1.58 acres and consists of a one, 3 story building with 308 units. The facility was built in 2005 and is brick and stucco construction. The facility has numerous amenities including, but not limited to, security lighting, video surveillance, key fob access system, climate controlled units, various sizes of units ranging from 25 to 150 square feet, easy access drive up for loading and unloading, indoor units and a full-service on site manager office. MRZ storage is located directly on Highway 90 with gateway access to all of Tallahassee’s future east side growth.

Additional Details

Nearest MSA: Tallahassee
County: Leon
Taxing Authority: Leon County
Tax ID/APN: 1128200340000
Retail Clientele: General, Family, Business
Property Located Between: Capital Circle NE and Mahan drive
Property Visibility: Good
Largest Nearby Street: Highway 90 / Mahan drive
Highway Access: I-10 Via Highway 90
Airports: TLH
Site Description: Flat site with very efficient layout.
Area Description: NE area of Tallahassee with exploding growth. This is a main thoroughfare into tallahassee and will experience tremendous commercial and residential growth over the next several years.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 12,600 SF
Property Condition: Excellent
Year Built: 2005
Roof Type: Arched
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, Fiber Optic
Interior Description: Extremely clean and very well maintained.
Zoning Description: Commercial Parkway is the widest range of retail /commercial use zoning in Tallahassee, FL
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,941 51,875 141,409
Median Age: 33.01 37.56 34
Households: 4,902 24,386 58,478


Photograph of Listing Agent

Brian S. Messer, CCIM

The Naumann Group Real Estate, Inc. TALrex.com Member
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