- April 22, 2020
- Posted by: Waldon
- Categories:
| Company Name | Class B Portfolio |
|---|---|
| Contact Name | Camiren Dalrymple |
| Contact Email | Email hidden; Javascript is required. |
| Contact Phone | (574) 485-3371 |
| Opportunity Name | 517 Unit Class B Storage Facilities |
| Location of Business | Callahan Fl |
| When was the business started? | 2000 |
| What is the business most known for? | Jacksonville Location |
| Who is/are owner/owners? | Privately Owned |
| Why sell the business? | The Property is a 2-property self-storage offering located in Callahan, Florida and in Hilliard, Florida. The 2 facilities feature 98 climate-controlled units, 368 non-climate- controlled units, 46 parking spaces, 1 warehouse and 4 office spaces for a total of 517 units. Situated on 4 parcels in Hilliard, FL and 2 parcels in Callahan, FL, the combined amount of the 2 properties is 13.22 acres. There is tremendous upside with land for expansions of units at both locations, with plans-in-place for new buildings. Please see the survey, aerial map and proposed conditions that follow. Franklin Mini Portfolio Expansion Opportunity is locally owned & operated and the facilities are conveniently located less than 13 miles apart. |
| Are you looking to recapitalize the business by selling a majority stake to aggressively take the business to next level? | Completely Sell |
| Who will remain on the ownership level? | N/A |
| Is the owner(s) planning to stay around? If so, what is their thinking? | No |
| What is the maturity level of the business? | Post Revenue and Profitable |
| EBITDA or Profit for same period | $400,000 |
| Trailing 12 Month Revenue | $750,000 |
| Trailing 12 Month EBITA | $400,000 |
| Any significant debt on the business? | Yes initial build debt |
| Why did the business start? | The Property is a 2-property self-storage offering located in Callahan, Florida and in Hilliard, Florida. The 2 facilities feature 98 climate-controlled units, 368 non-climate- controlled units, 46 parking spaces, 1 warehouse and 4 office spaces for a total of 517 units. Situated on 4 parcels in Hilliard, FL and 2 parcels in Callahan, FL, the combined amount of the 2 properties is 13.22 acres. There is tremendous upside with land for expansions of units at both locations, with plans-in-place for new buildings. Please see the survey, aerial map and proposed conditions that follow. Franklin Mini Portfolio Expansion Opportunity is locally owned & operated and the facilities are conveniently located less than 13 miles apart. |
| Why did the business start? | The Property is a 2-property self-storage offering located in Callahan, Florida and in Hilliard, Florida. The 2 facilities feature 98 climate-controlled units, 368 non-climate- controlled units, 46 parking spaces, 1 warehouse and 4 office spaces for a total of 517 units. Situated on 4 parcels in Hilliard, FL and 2 parcels in Callahan, FL, the combined amount of the 2 properties is 13.22 acres. There is tremendous upside with land for expansions of units at both locations, with plans-in-place for new buildings. Please see the survey, aerial map and proposed conditions that follow. Franklin Mini Portfolio Expansion Opportunity is locally owned & operated and the facilities are conveniently located less than 13 miles apart. |
| How did business get to where it is at? | Hilliard is a town in Nassau County, Florida, located northwest of Jacksonville. Living in Hilliard offers residents a suburban rural mix feel and most residents own their homes. In 2003, Hilliard was chosen as the "2003 Rural Community of the Year" by Florida governor Jeb Bush. Callahan is also located in Nassau County and is adjacent to Duval County. It is home to one of the largest manufacturing plants in the country with timber and agriculture being the major industries. Callahan is a town that is growing but has retained its small-town feel. The town is located about 20 minutes from downtown Jacksonville, and about 18 miles from the Georgia state line. Callahan is intersected by Florida A1A on the east, Florida 301 on the west, and U.S. 1 on the north and south ends of town, bringing hundreds of motorists daily. |
| Aggregations or Organic growth? | Organic |
| Any tailwinds or headwinds facing business/sector? | Tremendous Upside with Land for Expansion of Units at Both Locations | Plans In Place for New Buildings Below-Market Rents |
| Sector insights from owner and what the opportunity going forward with new owner might look like? | Growth of the industry |
| What is the unique story of business -- how is it different then their competition –what makes them better/worse? | Fenced & Gated 2-Property Self-Storage Portfolio Expansion Opportunity Located in Jacksonville MSA |
| Provide any additional notes, information or data that supports this opportunity | Land ready for expansion |
| Date Created | January 3, 2023 |
| Date Updated | January 3, 2023 |