Listed by Franklin Street Tampa
$2,500,000
CubeSmart Self Storage (Managed)
Details
Property Type Self Storage
Sub Type 1
Net Rentable (SqFt) 20,319
Units 202
Year Built 2001
Buildings 1
Stories 2
Acreage 2.140
Self Storage | 202 Units | 20,319 NRSF | Expansion Room
Investment highlights
- Stabilized and Cash-Flowing Self Storage Facility Comprised of 202 Climate-Control Units Totaling 16,719 NRSF, Two Commercial Spaces Totaling 1,800 NRSF, Two Apartments Totaling 1,800 NRSF, and 57 Outdoor Parking Rentals.
- Facility is an Excellent Candidate for Remote Management With Automatic Gate, Keypad Entry, and Security Cameras Already in Place.
- Opportunity to Increase Revenue Through Replacing the Existing Parking Area with an Additional Storage Building. Conceptual Plans Available in the Deal Room.
- Very Low Market Saturation of 4.6 SF/Capita for Self Storage Within Five Miles of the Property.
- Opportunity to Increase Revenue Through Existing Customer Rent Increases and Maximizing Supplemental Income Streams.
- Dense Population of 41,791 Residents Within Three Miles of the Property Growing at 6.8% Annually.
- Strong Average Household Income of $88,404 Within Three Miles of the Property.
- Fort Pierce is Located Along Florida's Eastern Coast Approximately 50 Miles North of West Palm Beach and is Home to 52,377 Residents.
- The Rapidly Growing Port St. Lucie MSA is the 10th Largest in the State of Florida and is Home to 556,336 Residents.
Listing Contacts
Listed by Franklin Street Tampa
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