AWESOME SELF STORAGE

Awesome Self Storage in Okeechobee, FL, is a stabilized self-storage facility with 598 units across 66,025 NRSF, boasting 79% physical occupancy and 82% economic occupancy. Strategically located along U.S. Highway 441 S.E., with 8,000 vehicles passing daily, the property benefits from minimal competition, as no REITs operate in the trade area. Spanning 14.5 acres, it includes a 4.4-acre expansion area, ideal for covered or enclosed Boat/RV storage, and presents an opportunity to enhance revenue through institutional revenue management and marketing. The facility features six buildings, constructed between 1999 and 2007, with gated access and eight security cameras for added protection. Additionally, a proposed cell tower lease could generate approximately $36,000 annually, further increasing income potential. With a current gross potential rent of $939,923 and a projected net operating income of $640,590 for 2024, the property offers strong financial performance and growth potential.