6126 Thomas Dr - Self-Storage Facilities FOR SALE


Panama City, FL 32408
$1,499,000 USD
850-818-9318
6126 Thomas Dr, Panama City, FL for Sale
$1,499,000 USD
Self-Storage Facilities - FOR SALE
1/49
null | 8.01% Cap Rate

6126 Thomas Dr
Panama City, FL 32408


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 2024, 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.

OVERVIEW

6126 Thomas Drive offers a practically brand-new commercial investment situated in the bustling heart of Panama City Beach, right across from the world's most beautiful beaches, now boasting 111 new storage units meticulously constructed with spray foam insulation. The commercial space is 100% occupied at $54k in gross income, and the storage units are 100% vacant, awaiting a new owner to lease them. The expected income on the storage units at 100% occupancy is $90k a year. This offering is a blend of indoor climate-controlled units alongside outdoor units; these spaces are primed for immediate rental, enabling a lucrative stream of passive income. Nestled on Thomas Drive, a central location in Panama City Beach, this property includes two recently renovated offices, ideal for accommodating your next tenant or for owner occupancy. With a suite of upgrades including a new roof, fresh siding, vibrant paint, secure gates, state-of-the-art storage units featuring spray foam insulation, and a revitalized landscape complete with a sprinkler system. This property stands as a turnkey investment opportunity. This exceptional property seamlessly integrates practical design with operational efficiency. With ample parking space for 11 vehicles and a flexible layout housing 111 storage units alongside two fully functional commercial offices, this property caters to individuals with discerning business acumen. Moreover, the potential of this commercial complex extends beyond its current offerings. Envision tailoring the property's features to suit your specific needs, whether it entails reconfiguring office spaces to align with your business model or capitalizing on the rental potential of the available storage units.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

8.01%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

C1

APN/PARCEL ID

30875-000-000

ASK ABOUT THIS PROPERTY

Zacarias SanchezThink Real Estate LLCMore Info
850-818-9318

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Zacarias SanchezThink Real Estate LLCMore Info
850-818-9318

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.