1903 5Th StPanama City, FL 32401

Property Details for 1903 5Th St

Property size (Sq ft)

14,048 SF

Property type

Industrial properties

Property subtype

Self storage facilities

Description

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.

Location Insight

City

Panama City

County

Bay

State

Florida

Latitude

30.1568

Longitude

-85.6354

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