Oasis RV and Boat Storage
Description
Seller Financing Terms:
- 5% Interest
- 30 Year Amm
- 15 Year Balloon PMT
- First 2 Years I/O
Property Details
- Property infrastructure provides an excellent opportunity for buyers to seamlessly enter the asset class
- Barrier to Entry: Clay County requires all new RV & Boat Storage developments to be a minimum of 3 acres and has limited vacant land.
- Low in place expense ratio
- 112 Total Units
- +/- 10% Cash on Cash Return
- Summit Control provides seamless customer access to the property
Investment Highlights
Seller Financing Terms:
- 5% Interest
- 30 Year Amm
- 15 Year Balloon PMT
- First 2 Years I/O
- YEAR 1
- NOI: $177,000
- Debt Service: $78,70
- Cash Flow: $98,392
- Down PMT: $1,000,000
- Loan Amount: $1,575,000
Address
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Address Orange Park, FL
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Country United States
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Province/State Florida
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City/Town Orange Park
Overview
- Property ID 13564
- Price $2,575,000.00
- Property Type Industrial, Warehouse
- Property status Sale
- Size 101,930 SqFt
- Subtype IOS, Industrial Outdoor Storage, RV and Boat Storage
- Investment Type Stabilized
- Class B
- Tenancy Multi
- Number of Tenants 112
- Occupancy 95%
- Occupancy Date 05/20/2025
- NOI $177,142
- Pro-Forma NOI $197,259
- Units 112
- Zoning BB
- Lot Size (acres) 2.34
- Broker Co-Op Yes
- Ownership Fee Simple
Contact
