Sunshine Self Storage Pensacola

Location: Pensacola, FL
Type: Self Storage
Price: $5,700,000

SMC has provided a $5,700,000 ten-year fixed rate mortgage for the refinance of Sunshine Self Storage Pensacola, a six building self-storage storage facility located in Pensacola, FL. The Property consists of 724 storage units, 2 office suites and 10 parking spaces available for rent. Approximately 61% of the units are climate controlled and the Property is approximately 90% occupied as of the twelve months ended October 2020. The Property fronts 9 Mile Road (40,123 VPD) which provides east-west access to SR 29 (Pensacola Boulevard) and Interstate 10 to the west and SR 281 (Avalon Boulevard) to the east. The area surrounding the Property includes numerous residential developments and retail centers.