7352 State Highway 23

Investment Overview

7352 State Highway 23 combines a fully leased retail/office strip center, an operating storage component and a shovel-ready expansion site within a single 3.561-acre offering. The 1.633-acre retail parcel contains approximately 14,000 SF of leased space and benefits from 294 feet of frontage on State Highway 23. The adjoining 1.928-acre parcel contains three buildings currently used for storage, along with a designated development site capable of supporting approximately 8,000 SF of additional self-storage or warehouse space. The $1,350,000 asking price includes a $1,247,000 allocation for the existing 19,900 SF income-producing improvements and a $103,000 allocation for the shovel-ready expansion site. The existing operation generates $105,272 in NOI, representing an 8.44% cap rate based on the allocated value of the income-producing real estate. The offering provides two established commercial uses with multiple paths to value. The retail center contributes an existing tenant base, while the storage component provides current income and a defined opportunity to add capacity. The property is suited to investors seeking a diversified retail, office and storage asset, storage operators pursuing expansion, and owner-users who can benefit from the existing income, shovel-ready development potential and State Highway 23 location.

Investment Highlights

• Fully Leased Retail and Storage Investment
• 3.561 Acres Across Two Parcels
• Approximately 14,000 SF Retail Strip Center
• 294 Feet of State Highway 23 Frontage
• Additional Storage Expansion Potential