Rare assumable CMBS financing: an existing ~$1.99M loan at a 4.275% fixed interest rate which may be assumed by a qualified buyer, offering materially below-market debt with a 30-year amortization schedule and roughly five years of term remaining (expiration November 2031)
Going-In 6.75% Cap Rate at List Price, with room to improve performance
Strong performance YTD with occupancy increasing from 83% to over 90% today
Favorable market saturation at 9.63 SF per capita within three miles and just 6.61 SF per capita within five miles
No self-storage facilities in the development pipeline within a five-mile radius (TractIQ)
Excellent frontage, visibility and access off of Pelham Road with traffic counts of ±22,600 VPD
Well-maintained facility originally constructed in 2018 and expanded in 2021

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Jacksonville Secure Storage