Orlando MSA Self Storage Opportunity

The Class A subject property in Sanford, Florida is comprised of 70,883 rentable square feet on approximately 6.55 acres of land. It is well-located in the Orlando Metropolitan Statistical Area, which is internationally renowned as a center for tourism, business and education. The state-of-the-art facility offers 742 climate-controlled units and 15 drive-up units ranging from 25 square feet to 540 square feet, in addition to 13 boat/RV parking spaces for a total of 770 units. This facility is currently in its lease-up phase and features video surveillance, a fully enclosed structure, electronic gating and digital keypad access to ensure secure storage.

Located at 2728 West 25th Street, the subject property benefits from a rapidly-growing suburb and excellent proximity to Orlando Sanford International Airport, downtown Orlando and all the world-renowned attractions within the metro area. Additionally, there is a projected three-mile growth rate of 1.1 percent annually from 2020 to 2024. This property is situated directly along 25th Street and has impeccable visibility from Central Florida Greenway; these thoroughfares witness traffic counts in excess of 27,000 and 46,000 vehicles per day. The property is also adjacent to Airport Boulevard, which supports over 11,000 vehicles daily. The facility is only four miles from Interstate 4, which serves as a major commuter roadway in Orlando and throughout the state of Florida. The opportunity is ideally situated within .2 miles of a high-traffic intersection and several national retailers, including 7-Eleven, Wawa, Domino’s Pizza and Walmart, among several others. There is currently a new multi-housing project and several renter-occupied units within a mile of the site, demonstrating the strong need for self-storage within the region.

The Orlando MSA Self Storage Opportunity will allow an investor the chance to acquire a Class A, state-of-the-art asset in one of Florida’s most populated metro areas. The facility has been leasing-up at an expeditious rate since going online and offers forward-looking financial projections with cash-on-cash returns of 10.4 percent and 13.7 percent in years one and two, along with leveraged IRRs of 18.4 percent and 18.2 percent in years five and seven. The strong three-mile population of nearly 75,000 individuals ensures the success of this premium facility for years to come, while a purchaser can capitalize on the facility’s rapid lease-up phase by continuing to market online. The site’s impeccable location, premium amenities and strong projected returns comprise the ideal storage investment in one of the nation’s largest markets.

Investment Highlights:

• Class A, State-of-the-Art Facility Built in 2017
• Nearest Competitors are Comprised of 1980’s Construction
• Nearly 75,000 Individuals Within Three Miles of the Site
• 44 Percent Renter-Occupied Housing Within Three Miles
• Capitalize on an Aggressive Lease-Up Phase in One of Florida’s Largest Metro Areas
• Cash-on-Cash Returns of 10.4 Percent and 13.7 Percent in Years One and Two
• Leveraged IRR of 18.4 Percent in Year Five
• Projected Three-Mile Growth Rate of 1.1 Percent Annually
• Impeccable Visibility from Central Florida Greenway, with a Traffic Count Exceeding 46,000 Vehicles Daily