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1717 Frankford Ave - Frankford Mini Storage 37,000 SF Specialty Building Offered at $2,942,250 CAD at a 6% Cap Rate in Panama City, FL 32405
Investment Highlights
- Assumable Loan: 5% I/O, 24 Months, $1,400,000 | Please see listing agent for details
- Diverse Inventory: 223 Total units | ±26,924 Combined Gross SF | Diversified unit mix of traditional drive-up self-storage units
- 11 housing developments are planned within approximately 5 miles of the property (TractIQ Report 3/17/26)
- Upside Potential: Unlock value through increasing marketing efforts to improve physical occupancy and stabilize the facility
- Located in rapidly growing Bay County, Panama City benefits from continued in-migration from retirees, military, and remote workers
- A new operator stands to capture significant increase in lease-up activity and stabilize the physical occupancy
Executive Summary
Assumble Loan 5% I/O, 24 Months, $1,400,000. Please see listing agent for details.
Property Facts
| Price | $2,942,250 CAD | Building Class | C |
| Price Per SF | $79.52 CAD | Lot Size | 1.90 AC |
| Sale Type | Investment | Building Size | 37,000 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1978 |
| Property Subtype | Self-Storage | ||
| Zoning | PC09 | ||
| Price | $2,942,250 CAD |
| Price Per SF | $79.52 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.90 AC |
| Building Size | 37,000 SF |
| No. Stories | 1 |
| Year Built | 1978 |
| Zoning | PC09 |
Amenities
- Controlled Access
- Signage
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 29385-000-000 | Improvements Assessment | $1,867,713 CAD |
| Land Assessment | $317,331 CAD | Total Assessment | $2,185,044 CAD |
Property Taxes
Parcel Number
29385-000-000
Land Assessment
$317,331 CAD
Improvements Assessment
$1,867,713 CAD
Total Assessment
$2,185,044 CAD
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1717 Frankford Ave - Frankford Mini Storage
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