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Key Details
Sold Price $2,900,000
Property Type Commercial
Sub Type Special Purpose
Listing Status Sold
Purchase Type For Sale
Square Footage 24,639 sqft
Price per Sqft $117
MLS Listing ID DESU172746
Sold Date 03/19/21
HOA Y/N N
Originating Board BRIGHT
Year Built 2017
Lot Size 4.030 Acres
Acres 4.03
Lot Dimensions 0.00 x 0.00
Property Description
State-of-the-art self-storage opportunity in the center of the fast-growing southeast quadrant of Sussex County--hundreds of building lots approved within 5 miles of the site! Constructed in 2017, 260-unit storage facility encompasses 10 buildings with two additional buildings approved and shovel-ready for construction. Includes a separate adjoining parcel with rental office/residence, all situated on a total of 4 +/- acres. 96% Leased. Majority of units are climate controlled with non-climate controlled units along with outdoor Boat and RV storage area. Unit sizes are 5 x 5, 5 x 10, 10 x 10 and 10 x 15. Property features electronic gate access and a 24-hour, sensor-sensitive video surveillance system. Storage Facility Service Area: Frankford, Fenwick Island, Selbyville, Bethany Beach, Dagsboro, Ocean View, Millville, Millsboro, Roxana in Delaware as well as Berlin, Bishopville, Ocean City & Ocean Pines in Maryland.Stabilized rental history with solid NOI ideal 1031 Exchange property approved site plans for expansion of self-storage and office/residence parcel all zoned CR-1, a valuable broad commercial zoning classification that is now closed. Financial data available with a Non- Disclosure Agreement signed by the prospective buyer.
Location
State DE
County Sussex
Area Baltimore Hundred (31001)
Zoning CR-1
Interior
Hot Water Other
Heating Heat Pump - Electric BackUp
Cooling Heat Pump(s)
Flooring Concrete
Heat Source Electric
Exterior
Garage Spaces 20.0
Water Access N
Roof Type Metal
Accessibility Level Entry - Main
Total Parking Spaces 20
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Indian River
Others
Tax ID 533-11.00-78.01
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with SANDRA L WARE • Berkshire Hathaway HomeServices PenFed Realty