Florida Panhandle Self-Storage Opportunity – Panama City, FL
330 S Tyndall Pkwy, Panama City, FL 32404

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Market Bid
Panama City, FL
Located on South Tyndall Parkway about 15 minutes from downtown Panama City
Fully climate-controlled facility with open parking spaces
Brand new roof installed on the facility in 2020
Opportunity to increase square footage by converting open parking into traditional storage
Facility physical occupancy has stabilized and currently 88% / 82% with ample room to push in-place rents to market levels
Nearly $660,000 of in-place NOI

The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale the USA Storage Centers in Panama City, FL.

Take advantage of the opportunity to acquire this nearly stabilized self-storage facility consisting of 71,219 rentable square feet. Originally built in 1982, the facility has undergone significant improvements including a complete exterior facelift and modernized interior. The facility offers 680 fully climate-controlled ground level, elevator accessible, and locker units, as well as 98 open parking spaces. The front of the property features an LED billboard that can be utilized for signage or rented for additional income. The large open parking area has the ability to be converted into traditional storage units, offering an opportunity to increase rentable square feet as well as revenue. Currently the largest storage facility in the trade-area with limited incoming supply, this facility offers significant pricing power in a market that has seen significant growth over the past few years.

This facility is situated on South Tyndall Parkway, one of the main thoroughfares through Panama City. The location offers excellent visibility, seeing an annual average daily traffic volume of 26,700 vehicles. There is an abundance of commercial development nearby, including retail and fast-food locations. Within a three-mile radius, six new housing developments totaling 810 units have been built since 2020, highlighting the trade area’s strong population growth of 1.7% from 2020 to 2023. Panama City Beach is located just under 30 minutes West, as well as Tyndall Airforce Base just 10 minutes to the south. Tyndall Airforce Base currently employs over 4,500 military and civilians and greatly contributes to the area’s economic development and job stability. The base is also in the midst of a large scale rebuild that will continue to grow employment.

This investment presents a great chance to acquire a well-established facility with a current net operating income of nearly $660,000. There’s potential to boost revenue by stabilizing occupancy, and this is further improved by increasing rental rates for more than 70% of existing tenants. Additionally, converting open parking spaces into conventional storage units offers the opportunity for increased income. Our projections indicate that NOI is likely to rise by more than $86,500 within the first year of ownership, and by year five, leveraged returns are expected to be in the mid-to-high teens.

Panama City, FL

  • Sign CA to View Offering Memorandum

  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the Panama City, FL Self Storage opportunity.

    To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

    By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

    By accepting the Offering Memorandum, you acknowledge that you are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

    The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived.

    The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

    No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.


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