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Barracuda Boat & RV Storage
4707 NW 44th Ave, Ocala, Florida 34482
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Property Info
Price: $6,500,000
Units: 255
Year Built: 2013
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Download Marketing Package
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Broker Contact Info
Nathan Coe
614.360.9801
Nathan.Coe@marcusmillichap.com
Opportunity
The Market
Investment
Map
Central Florida Stabilized Class-A Boat & RV Storage Offering with Upside
POPULATION
In 2023, the population in your selected geography is 48,698. The population has changed by 14.26 since 2010. It is estimated that the population in your area will be 51,900 five years from now, which represents a change of 6.6 percent from the current year. The current population is 48.9 percent male and 51.1 percent female. The median age of the population in your area is 38.5, compared with the U.S. average, which is 38.7. The population density in your area is 621 people per square mile.
HOUSEHOLDS
There are currently 19,342 households in your selected geography. The number of households has changed by 16.34 since 2010. It is estimated that the number of households in your area will be 20,752 five years from now, which represents a change of 7.3 percent from the current year. The average household size in your area is 2.4 people.
INCOME
In 2023, the median household income for your selected geography is $44,073, compared with the U.S. average, which is currently $68,480.The median household income for your area has changed by 26.27 since 2010. It is estimated that the median household income in your area will be $49,891 five years from now, which represents a change of 13.2 percent from the current year.
The current year per capita income in your area is $24,784, compared with the U.S. average, which is $39,249. The current year’s average household income in your area is $60,453, compared with the U.S. average, which is $100,106.
EMPLOYMENT
In 2023, 24,404 people in your selected area were employed. The 2010 Census revealed that 54.5 percent of employees are in white-collar occupations in this geography, and 21.1 percent are in blue-collar occupations. In 2023, unemployment in this area was 5.0 percent. In 2010, the average time traveled to work was 22.00 minutes.
HOUSING
The median housing value in your area was $176,108 in 2023, compared with the U.S. median of $268,796. In 2010, there were 10,109.00 owner-occupied housing units and 6,517.00 renter- occupied housing units in your area.
EDUCATION
The selected area in 2023 had a lower level of educational attainment when compared with the U.S averages. Only 5.3 percent of the selected area’s residents had earned a graduate degree compared with the national average of 12.7 percent, and 10.8 percent completed a bachelor’s degree, compared with the national average of 20.2 percent.
The number of area residents with an associate degree was lower than the nation’s at 8.3 percent vs. 8.5 percent, respectively.
The area had more high-school graduates, 40.8 percent vs. 26.9 percent for the nation, but the percentage of residents who completed some college is lower than the average for the nation, at 19.8 percent in the selected area compared with the 20.1 percent in the U.S.
• Central Florida Stabilized Class-A Boat & RV Storage Offering with Upside
• Located Right on Interstate-75 in the City of Ocala, Florida
• Room to Expand
• 96.67% Economic Occupancy | 86.70% Physical Occupancy
• 45,720 Net Rentable Square Feet
• 15 Covered Parking Spaces | 90 Covered Parking Spaces with Electricity | 15 Outdoor Parking Spaces with Electricity | 146 Uncovered Outdoor Parking Spaces
• Owner Has Executed a Land Lease With Marion County for 4.02 Acres of Land | 2 Acres are Being Used for 50 Existing Storage Units | 2 Acres Undeveloped & Could Be an Expansion Play to Add 50 Units
• Excellent Location Visibility Along both Northwest 44th Avenue and I-75
• Located at One of the Corners of the New I-75 Interchange Across From the New Bucee’s Location
• Immaculate Condition Without Deferred Maintenance
• Growing Surrounding Population Base: 14% Population Increase Within a 5-Mile Radius Since 2010 and is Projected to Grow an Additional 7% in the Next 5 Years