For Sale
$850,000

1903 5Th StPanama City, FL 32401

Established Mobile Storage Business, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional investment opportunity presents a thriving Go Mini's franchise in Northwest Florida, spanning from west of Tallahassee to Pensacola. The business boasts 99 mobile storage units and two delivery trucks, operating from two strategically located hubs: one in Panama City (1903 E 5th St, 32401) and another in Pensacola (4312 W Jackson St, 32506). The franchise occupies a total of 14,048 square feet of rentable space and currently enjoys a 58% occupancy rate, generating a Net Operating Income (NOI) of $82,753. Pro forma projections indicate a significant increase in NOI to $113,660, resulting in a compelling pro-forma cap rate of 13.37%. The asking price is $850,000, representing a price per unit of $8,585.86. This turnkey, cash-flowing business has demonstrated consistent year-over-year revenue growth since its establishment, making it an attractive investment with high potential for future returns. The current cap rate stands at 9.74%. This established territory offers significant growth opportunities within a desirable market. The business is offered as a stabilized investment.

Highlights

  • Turnkey, cash-flowing Go Mini's franchise.
  • Established Northwest Florida territory (west of Tallahassee to Pensacola).
  • Two locations: Panama City and Pensacola.
  • Consistent year-over-year revenue growth.
  • 99 mobile storage units and two delivery trucks.

Property Details for 1903 5Th St

Property type
Self storage facilities
Square Feet
14,048 SF
Units
99

Location Insight

City
Panama City
County
Bay
State
Florida
Latitude
30.15683019674
Longitude
-85.635419512881
1903 5Th St, Panama City, Florida

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1903 5Th St
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