The Cushman & Wakefield Self Storage Advisory Group has been exclusively retained as advisors to offer for sale Miramar Self Storage.

This offering represents a unique opportunity to acquire a nearly stabilized self-storage property with significant value-add potential through conversion and expansion plans. The Property currently totals 85,394 SF, including 37,550 SF of self-storage, 24,159 SF of executive office suites, and 23,685 SF of single-story warehouse space. The executive office suites and warehouse space are prime for conversion into an additional 58,500 SF of self-storage. The height of the warehouse will allow an investor to maximize revenue by adding a mezzanine floor. The existing executive office suites and warehouse leases are structured for quick conversion, with short-term leases and move-out clauses.

The 3-mile trade area around the Property includes a mix of residential neighborhoods and commercial areas, providing a balanced environment for both living and business operations. The ingress and egress to the Property are well-serviced by major roads, including the Florida Turnpike and Ronald Reagan Blvd, ensuring easy access and visibility. The Property’s prime location enables a buyer to draw commercial and residential tenants from the surrounding area. Additionally, supply within this trade area is very low, with less than 6 square feet per person, indicating a strong positioning of the asset for long-term rent growth.

This offering represents an exceptional opportunity for a value-add buyer to enhance operational efficiency and compress the cap rate on an institutional-size asset in a high-barrier-to-entry Miami submarket. The advantageous lease terms and termination clauses for the executive office suites and warehouse spaces will facilitate the swift execution of conversion plans post approval, while also providing cash-flow during the approval process.

Access Deal Page Here: Southeast Florida, Value-Add Self-Storage Opportunity