Industrial•Self Storage•For Sale
Rolling Acres and 44 Self Storage Portfolio
175 Rolling Acres Road, Lady Lake, Florida 32159
All site visits must be scheduled through SkyView Advisors.
This is a self-storage portfolio located in The Villages, FL MSA. This is an opportunity to own a two property portfolio situated on over 13 acres of land. The total portfolio consists of 189,425 net rentable square feet with locations in Lady Lake and Wildwood, FL. The two properties were built between 2014 and 2018 and have 1,819 units combined. One of the properties, 44 Self Storage, is a C/O and will be completed July 2018.
NOI - $1,598,541
- Highlights: Rolling Acres Self Storage
- Ancillary income generators such as retail sales, admin fees/late fees, truck rental, and tenant insurance can be improved to boost monthly collections.
- Expansion opportunity of approximately 40,000 NRSF.
- U.S. Census ranks The Villages as the fastest growing city in 2014 and 2015. Due to this growth, Rolling Acres road will be expanded to a 4-lane road.
- Revenue growth of 13% from 2016 and 2017, with projected 11% in 2018.
- Highlights: 44 Self Storage
- Favorable supply dynamic of 3.27 SqFt per person in the 3-mile radius and 5.10 per person in the 5-mile radius.
- Future population growth of 6-7% within a 5-mile radius.
- Traffic counts of approximately 16,100 per day.
- Numerous residential developments in 3-mile trade area.
6/20/2018 12:00:00 AM
6/20/2018 3:51:58 PM