Poinciana Self-Storage Opportunity

Poinciana Self-Storage Opportunity2021-10-20T14:32:56-04:00

Project Description

The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of the Poinciana Self-Storage Opportunity.

Market Bid

NRSF: 74,545

The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of the Poinciana Self-Storage Opportunity.

Acquire a brand-new self-storage property located in the growing Poinciana Park area of Fort Lauderdale. Considered “The Venice of America,” Fort Lauderdale is known for its many canals and is thus revered as a major player in industries such as boating and tourism. However, as new businesses have planted roots in this sunny South Florida city, Fort Lauderdale has become a draw for a wider span of industries. The job market increased by 1.9% over the last year and future job growth over the next ten years is predicted to be 37.9—outpacing the US average of 33.5%.

Conveniently located near Fort Lauderdale-Hollywood International Airport and I-95, this 74,545 square-foot facility offers easy access for Poinciana residents and surrounding neighborhoods. The 888 rental units comprise various sizes and include climate-controlled options to help protect personal belongings from South Florida’s sweltering humidity. While the facility just opened March 23, 2021, physical occupancy is already up to 46.9% while economic occupancy has reached 22.11%.

As the densely populated Miami metropolitan area continues to expand, cities like Fort Lauderdale continue to grow, inviting new employers and thus new residents. For these reasons, the Poinciana self-storage opportunity allows a savvy investor to acquire a new business in a prime area where self-storage is in steady demand.

INVESTMENT HIGHLIGHTS

  • Brand-new, modern facility with construction recently completed in 2021.
  • Fort Lauderdale is located just 25 minutes north of Miami and is considered a principal city within the fast-growing metropolitan area, which has a population nearing 6.2 million.
  • Conveniently situated near Fort Lauderdale-Hollywood International Airport, the property affords easy access from I-95.
  • The 74,545 square-foot facility is equipped with 888 rentable units, including climate-controlled rentable units.