Panama City Self-storage Portfolio

RIPCO Investment Sales is pleased to offer for sale the Panama City Self-Storage Portfolio, a collection of 2 self-storage facilities and 1 commercial parcel located in Panama City, Florida. Strategically located approximately 5 miles apart, this portfolio comprise 335 traditional drive-up self-storage units and measures ±42,894 gross square feet. Situated on 3 separate parcels along Florida’s Emerald Coast, the portfolio’s combined acreage is ±3.587 acres. The Panama City Self-Storage Portfolio offers upside potential with vacant land available at the 15th Street location for the construction of conventional storage units or the addition of paved and covered parking spaces. The vacant property is currently utilized as a used car lot with a small office building. With 11 housing developments planned within 5 miles of the properties, a new operator stands to capture significant increase in lease-up activity and stabilize the physical occupancy. Panama City, the largest city between Pensacola and Tallahassee in Northwest Florida’s Panhandle, is known for its coastal charm and vibrant combination of history, arts & culture, and outdoor experiences. Positioned along U.S. Highway 98 on the Emerald Coast, Panama City is the most populated city and a principal city of the Panama City–Panama City Beach, Florida Metropolitan Statistical Area. Panama City’s Tyndall Air Force Base supports jobs and contributes to the Panama City’s growth, with military personnel and their families being significant economic drivers in the area. As of December 2025, Port Panama City had a direct $1.6 billion economic impact, creates 11,000 jobs annually, and serves as an economic and supply chain hub that expands its spokes throughout the world. With two major infrastructure projects currently in the pipeline, Port Panama City’s economic impact is poised to strengthen even further. Panama City’s real estate market has also seen significant growth, driven by demand for vacation homes, hotels, and rental properties. The city’s development efforts, especially after Hurricane Michael (2018), have led to a boom in construction, with new developments aimed at both residents and tourists. This offering presents a compelling opportunity for investors to acquire a well-maintained self-storage portfolio, allowing for significant upside. The potential for increased profitability lies in increasing marketing efforts to improve the physical occupancy and leveraging the expansion parcel. The Panama City Self-Storage Portfolio is your gateway to a promising blend of strategic locations and diverse inventory offerings.