5515 Woodbine Rd, Milton, FL 32571

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Building Details:

• Year Built: 1996

Woodbine Self Storage is a 239 unit, stabilized self storage facility located just south of 5 Points Intersection in Pace and adjacent to Stonebrook Golf Club.

The facility consists of 35,090 square feet, 8 buildings, 3 buildings are climate controlled and 5 buildings are non-climate controlled.).

The facility has enjoyed several years of high occupancy and currently the projects is 78% occupied. This is due to several factors, including active management, a niche location directly beside the 600+ home Stone brook subdivision, and low market rates.

Gross rents for 2011 were $135,613 and in 2010 they were $152,47000. NOI is $100,500 for 2011, initial cap rate is 8.4%