Winter Haven Value Add Self Storage Facility

1912 42nd St NW, Winter Haven, FL 

 

60 Day Action Plan

-Reposition the economics by correcting 40% delinquencies 

- Raising the monthly revenue $4000.00 and resell @ a 7.1 CAP for 2.6M

$500K PROFIT

OFFLINE

- Send out Collection Notices  from new ownership 

- Text blast all delinquent customers 

- Call all delinquent Customers 

ONLINE

-Add a google business profile & social media channels 

- Join the Chamber of Commerce and the BBB

- Add YELP page 

- Add Youtube Channel for exposure 

- Ads on Craigslist and Google

- Add Reviews to create a positive customer experience 


Class A

Net Rentable (sq ft) 35,625

Price/Sq Ft $130.01

Physical Occupancy 79% 100 Rented Units

Economic Occupancy 60%

Units 126

Lot Size (acres) 1.8

Fully renovated value add self storage facility located in a Winter Haven, FL. Brand new gate and fence in Q4 2022, making entire parking NOW available for lease.Very strong self storage market. High visibility/frontage and traffic on main road. Population growth in high numbers.

  • Completely renovated in 2020

  • High Traffic Centralized Location in a high demand Orlando Submarket

  • Concrete Block Buildings

SURVEY

January - September (9 months rent) GROSS RENTS = $150,461 
Annualized = $200,614 current gross
Minus Current Exp. = -$54,429
Current Annualized NOI: $146,185
Current Purchase Price: $2.1M - 6.9 CAP
Gross Potential Monthly Rent @ 100% = $26,840
Gross Potential Annual Rent @100% = $322,080
Minus Current Exp = -$54,429 Minus 10% Vacancy Factor = -$32,000
Gross Potential NOI : $235,651
RESELL @ 7CAP = $3,350,000

NOT IN AFLOOD ZONE

 

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