Self Storage for Sale
4419 Madison Street
New Port Richey, Florida 34652

Price: $5,900,000

437 Units
73,205 sq ft (net rentable)
Acreage: 6.29 acres (mol)

Gross Income: $850,517
Expenses: $324,941
Net Income: $452,658
Cap Rate: 7.3% (proforma)
Occupancy: 85 %

The Madison Square Commerce Center presents an exceptional opportunity to purchase an innovative state-of-the-art commerce center. Situated on a 6.29 acre (mol) site, this unique facility is in the middle of the trade area.

This opportunity features:

• 45,000 SF (mol) climate & non cc self storage

• 24 office warehouse units with sign identity

• 19 fully enclosed RV storage units w/power & auto doors

• RV dump station

• RV & boat wash facility

• Propane sales

• U-Haul truck rental

• Hi-tech managers office and luxury apartment

• All concrete surface

• 480 Ft (mol) frontage on main street

Built and opened in 2007, the Madison Square Commerce Center contains 73,205 (mol) net rentable square feet. Included are nine one-story self-storage buildings, two 12 unit office warehouse buildings and 19 fully enclosed, 12'X50'X16' RV storage units. Also featured is a sales and rental office and managers 2 bedroom, two bathroom apartment. The entire self-storage facility is secured by perimeter gating and fencing and protected by 24 hour surveillance cameras.

email George Hurst or call 727-723-3771 X-326

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