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1950 Banks Rd
Margate, FL 33063 Outer Coral Springs

Price Upon Request

Self Storage For Sale  •  65,000 SF

Property Details

  • Property Type Self Storage
  • Total Building Size 65,000 SF
  • Lot Size 3.98 AC
  • Building Class B
  • Year Built 2012
  • Zoning M-1A
30 Transit Score
60 Walk Score

Highlights

Very well-maintained facility achieving $2.48 per foot rental rates for the self-storage units
Room to improve physical occupancy and increase revenue quickly. Current advertising spend is only $4,433 per year
Rare NNN lease with a Top-3 Propane Company in the U.S. that runs for another 56 years with annual increases
All of the non-climate units have interior lights and electrical outlets. Most of the tenants are contractors or small businesses that are willing to
Mom-and-pop ownership and management for the last 20 years
Dense surrounding population with over 155,000 people living within a 3-mile radius of the property

Amenities

  • Bus Line

Public Transportation

Commuter RailDriveWalkDistance
Pompano Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 10 min - 4.7 mi
Cypress Creek (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 13 min - 6.7 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 29 min - 17.8 mi
Austin McLeod 678-576-1780 Matthews™
Austin McLeod 678-576-1780 Matthews™