Financing Quote                            Self Storage Directory                               Change Your Ad Self Storage Facility For Sale in Florida  A Storage 4234 Highway 1 Grant, Florida     Price: $1,495,000 Number of Units: 225 Acreage: 4 Gross Income: 757,471.92 Expenses: 268,024.00 Net Income: 489,447.92 Cap Rate: 9.68%   A unique multifunction waterfront commercial/storage property! The 4 +/- acres vacant land, which has busy US-1 frontage and exposure, was purchased with the intention of creating a full service storage facility. The project was designed in two phases. During the first phase all of the development work for Phase 1 one and Phase II was completed including the site plans, zoning, sewer, electric etc. Phase one is completed and the property consists of one building that is currently leased to the admin office of the City of Grant (5 Year lease) and a Mini Storage building. The current rental income is $78,636.000 with expenses of $19,500 or a capitalization rate of on a purchase price of $1,495,000 equal to 3.9%. The significant investment opportunity for this property is to build 20,388 Square Foot the retail building, which will have frontage on US-1 and purchase 200 storage units on the balance of the land plus the purchase of two trucks to transport the storage units. The property is centrally located in Grant FL with Melbourne, Palm City and Indialantic to the North and Sebastian and Vero Beach to the South. Gross Rent Income $757,471.92 Expenses $268,024.00 Net Operating Income $489,447.92 Current price $1,495,000.00 Completion of Building on US-1 $ 800,000.00 Purchase Boxes $ 375,000.00 Purchase trucks $ 100,000.00 Total $2,770,000.00 Capitalization Rate 9.68% Note 1. Debt service $1,377,000 at 7% for 15 years= $1,48,524.00 included in expenses above. 2. $100,000 Management fee is included in expenses above.   Click Here to View PDF Click Here to View PDF Click Here to View Survey Contact:  Florida Premier RE Mgt.&Sales John Kavazanjian  2275 S Federal Highway  Delray Beach, Florida 33483 Work Phone: 561 699 3004 Fax: 561 272 8791 For More Information On This Property, Please Call The Phone # Above or Submit The Form Below To Send An Email. Name*   Email*   Phone Number Type your message here Security Field: MUST ENTER the following word into the box below selfstorage   Filling out this form for any reason other than a genuine interest in getting more information about this offering is strictly prohibited.  Please contact the broker or seller only if you have interest in the property.  Any violations of this policy will result in losing all privileges on this website and may result in prosecution. Last Updated: August 30, 2011