- For Sale $1,200,000
- Property Type Other
- Units 176
- Date Updated May 30, 2026
Description
Southern EZ Storage is a 176-unit, 18,120 NRSF non-climate self-storage portfolio located in Crestview, Florida, comprised of two facilities situated approximately 0.4 miles apart at 150 Old Milligan Rd and 544 W James Lee Blvd along the US-90 corridor. The properties feature drive-up access, 29 outdoor parking spaces, metal construction, gated entry, cameras, and fencing, with strong visibility near traffic counts of ~21,000 VPD. In-place performance reflects meaningful upside, with physical occupancy of ~77% and economic occupancy of ~49%, as current rents are estimated ~39% below market, providing a clear path to NOI growth through disciplined rent increases and improved revenue management. The Crestview market benefits from rapid population growth, limited new supply within a 20-mile radius, and a stable economic base tied to Eglin Air Force Base and regional defense contractors, while ancillary income streams and operational efficiencies across the dual sites remain underutilized, offering additional value-add potential for a new owner.
Highlights
- Ancillary income is underutilized, offering upside through admin fees, tenant insurance, late fees, and merchandise sales.
- Crestviews rapid population growth (~13%+ since 2020), combined with expanding residential development supports sustained demand.
- In-place rents are below market, giving a new owner a realistic path to increase NOI through steady, well-timed rent increases.
- Located near U.S. Highway 90, benefiting from strong traffic counts of ~21,000 VPD and convenient access.
- No new self-storage development within a 20-mile radius keeps supply in check and supports long-term pricing.
- The properties are situated roughly 0.4 miles apart, offering advantages in operational efficiency and shared cost benefits.
False
Contacts
Oakside Companies
Oakside Companies
