Financing Quote                            Self Storage Directory                               Change Your Ad Self Storage Facility For Sale in Miami, Florida Peoples Self Storage 200 NW 79th Street Miami, FL 33015 Price: $3,900,000 Number of Units: 661 Acres: 1.2 Square Footage: 45,759 Gross Income: $684,283 Expenses: $101,124 Net Income: $283,509 Occupancy: 45% Cap Rate: 7.27% PROPERTY DESCRIPTION Peoples Storage is located at 200 N.W. 79th Street in the City of Miami. The property was built in 1955 and was converted to self storage in March 2004 as a brand new facility. The property currently consists of approximately 36,265 net rentable square feet of self storage space demised into 628 climate controlled self storage units and 33 RV storage. The self storage facility is located in the City of Miami. Visibility and population density is extremely high for this inner-city self storage facility. Miami-Dade County boasts a population of 2.3 million residents. Florida's population is increasing at approximately 1000 new residents per day. Peoples Storage is comprised of one single story building and an additional lot that accommodates 33 RV parking spots. Construction of the building is concrete block & stucco above a concrete slab floor. The roof is a 4" structural floor deck which has been designed and engineered to add a second story. The interior and exterior doors are steel. Two large bay doors allow access to the climate controlled interior storage units. The on-site operations are automated using a computer with self storage software. 14 surveillance cameras constantly monitor the facility. The property has an on-site office of approximately 400 square feet. The combination of a new conversion, a growing market and expansion opportunity make this project highly desirable to the self-storage investor. The property was previously listed and sold, withthe Seller carrying back paper. The buyer/borrower defaulted, the seller took possession of the property and is rebuilding occupancy and has added over $100,000 in capital expenditures and improvements. To arrange a tour of the property or to obtain additional information, please contact RK Kliebenstein at (561) 963-4004 x81 or rk@askrk.com.   Contact: Coast-to-Coast Realty Advisors RK Kliebenstein 533 Muirfield Drive The City of Atlantis, FL 33462 Phone:(561)963-4004 x 81 Fax:(734)758-7538 www.askrk.com 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: January 27, 2010