Project Description
The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of a property located in the Ft Lauderdale/Miami metro area.
UNDER AGREEMENT
NRSF – 58,813
The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of a property located in the Fort Lauderdale/Miami metro area.
Acquire a brand-new self-storage property in the densely populated southeast Florida metropolitan area. With a population of nearly 6.2 million, Southeast Florida reported nearly 20 percent growth since the 2010 census and is consistently ranked as one of the fastest-growing cities in the nation. Davie, FL is a principal city within this metro and is located just 6 miles west of Fort Lauderdale 24 miles north of downtown Miami.
The self-storage facility listed in this sale is situated on a 1.2-acre lot along the heavily trafficked Davie & Stirling Roads, which see a combined total of 55,000+ vehicles each day. Wawa, MacDonald’s and a host of new multifamily developments are located nearby. Slated for completion this summer, the 58,813 square-foot structure easily serves nearby residents with 583 rentable units. For confidence and convenience, the facility features a state-of-the-art security system and climate-controlled units to protect against South Florida’s humidity.
As the densely populated city of Miami continues to expand, neighboring cities like Davie are poised for continuous growth. For a savvy investor, this self-storage opportunity allows an investor to acquire a brand-new business in the booming South Florida region.
INVESTMENT HIGHLIGHTS
- Brand-new facility located in the densely populated Miami metro area, which is home to nearly 6.2 million residents
- Excellent Visibility from Davie Road (16,200 AADT) & Stirling Rd (40,500 AADT)
- High barriers to entry the FTL storage market
- Modern structure located along busy Davie Road close to restaurants and residential housing
- State-of-the-art security, including video surveillance and keypad entry system
- Apartment demand has surged in Broward County over the past several quarters, and the local multifamily sector is in a historically strong position