Value Store It (Managed) Self Storage
Miami, FL
Marketing description
MORE INFO / VIEW OFFERING MEMORANDUM: https://selfstorageadvisory.com/properties/value-store-it-self-storage/
CBRE's Self Storage Advisory Group is retained as the exclusive listing advisor for Value Store it Self Storage, which consists of 781 units distributed across 76,164 net rentable square feet of interior climate-controlled storage space. The attractive facility is located in a rapidly growing region boasting great demographics, with a large population of 476,642 people, 31,867 future residential units in the development pipeline, and a household income average of $110,114 within a 5-mile radius.
Miami, Florida is a global gateway city and one of the fastest‑growing economic hubs in the United States, anchored by a diversified economy driven by international trade, finance, tourism, healthcare, technology, and logistics, with Miami‑Dade County generating approximately $261 billion in gross regional product annually. The city is home to a deep academic and workforce pipeline led by Miami Dade College, Florida International University, and the University of Miami, collectively serving more than 200,000 students, supporting talent growth across multiple sectors. Miami also benefits from world‑class infrastructure, including PortMiami, the “Cruise Capital of the World” and a major cargo gateway, which alone contributes over $61 billion in annual economic impact and supports more than 340,000 jobs, while PortMiami and Miami International Airport together generate $242.8 billion in statewide economic activity and nearly 1.2 million jobs. The region’s economy is further reinforced by Homestead Air Reserve Base, employing roughly 3,000 personnel and contributing more than $364 million annually to the local economy, providing stable government employment and long‑term economic security. Looking ahead, Miami’s growth trajectory is supported by billions of dollars in transformative development, including Miami Worldcenter, large‑scale infrastructure investments, airport expansions, and mixed‑use districts, while the Miami‑Dade Beacon Council reported $1.2 billion in new capital investment in 2025 alone, tied to 3,000+ new high‑wage jobs, positioning the city for sustained long‑term expansion and continued global relevance.
*Third Party Managed by Value Store It
Investment highlights
- Huge Management Upside on Raising Street Rents to Market Rates: Subject Property Street Rate on a 10X10 CC 1st Floor is $195 Versus Local Market AVG of $228
- Prime Miami Airport / Doral Submarket Location: Strategically Positioned Near Miami International Airport and the Doral Logistics Corridor, One of South Florida's Most Active Commercial and Industrial Regions
- Strong Business and Commercial Demand Base: The Surrounding Market is Anchored by Logistics, Wholesale Trade, Aviation, Import/Export, and Small Businesses that Rely Heavily on Storage for Inventory and Equipment
- High Barriers to Entry: Scarcity of Entitled Land, Restrictive Zoning, and Elevated Construction Costs in the Miami Airport Area Limit New Self-Storage Supply and Support Long-Term Occupancy and Rent Growth
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