Bloomingdale Self Storage is comprised of 41,800 rentable square feet on approximately 5.42 acres of land. An investor has the opportunity to purchase 25 percent of this premium climate-controlled storage asset in the Tampa Bay MSA. Although the entire facility is not for sale, this is a unique position for a “passive” investor to own a portion of a successful, cash-flowing storage asset in a rapidly-expanding region. The current management for this property will remain in place. The subject has physical and economic occupancies of 84 and 66 percent, respectively.
The subject property is located in Brandon, Florida; a key component of the Tampa Bay region, one of the fastest-growing metro areas in the United States. It is ideally situated near multiple shopping centers and residential neighborhoods, drawing in consistent traffic. There are over 84,000 individuals within three miles of the site, while population growth is up 7.4 percent since 2019. The average age is near 40, earning a median household income of over $94,000 annually, far surpassing the national average. Bloomingdale Self Storage offers convenient access to several of Tampa’s major thoroughfares and well-renowned resources.
Bloomingdale Self Storage allows an investor the ability to acquire 25 percent of this self-storage asset with multiple upsides, including over ten years of facility success, no management responsibility and an ideal location in a high-traffic corridor. Furthermore, the subject property represents an excellent opportunity to own a share of a stabilized facility situated in one of the most desirable regions of the country.
- Stabilized Storage Asset with No Management Responsibility in a Top 10 MSA
- Over 84,000 Residents Within Three Mile of the Site
- Rapidly-Expanding Suburb with Population Growth Up 7.4 Percent Since 2019
- Excellent Three-Mile Household Income Exceeding $94,000
- Property Achieving Above Market Rates
- The Facility is Offered at a Discounted Price