Project Description
The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of the Stabilized South Florida Self-Storage Opportunity, a property located in the Fort Lauderdale/Miami metro area.
Market Bid
NRSF – 64,490
UNDER AGREEMENT
The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of the Physically Stabilized South Florida Self-Storage Opportunity, a property located in the Fort Lauderdale/Miami metro area.
Acquire a physically stabilized 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 4.5-acre lot along the heavily trafficked S University Dr, which sees 47,000+ vehicles each day. Dunkin’,
Target, Burger King and a host of new multifamily developments are located nearby. This 64,490 square-foot structure easily serves nearby residents with 666 rentable units. For confidence and convenience, the facility features a state-of-the-art security system, with climate-controlled, drive-up and parking units available.
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 booming South Florida.
INVESTMENT HIGHLIGHTS
- Physically stabilized facility located in the densely populated Miami metro area, which is home to nearly 6.2 million residents
- On-site apartment to easily manage property
- Excellent Visibility from S University Dr (47,000 AADT) close to restaurants and residential housing
- High barriers to entry in the FTL storage market
- State-of-the-art security, including video surveillance and keypad entry
- Apartment demand has surged in Broward County over the past several quarters, and the local multifamily sector is in a historically strong position