Fort Lauderdale MSA Self-Storage Opportunity
2010 NE 7th Ave, Dania Beach, FL 33004
This offering presents an opportunity to acquire a nearly stabilized, institutional-sized self storage project in the highly sought-after Ft. Lauderdale, FL market. The project totals 180,876 rentable square feet spread across 1,530 self storage units, 142 parking spaces, and 95 lockers. An additional 1,800 square feet of office space offers conversion potential to expand the unit mix and drive further revenue.
Constructed across three stories, the property includes a vehicular access ramp, enabling customers to drive directly to upper levels—an uncommon feature that enhances operational efficiency and user convenience. This accessibility not only improves the customer experience but also supports premium unit pricing compared to traditional vertical layouts. Ownership has continually invested in capital improvements, including a recent LED lighting upgrade throughout the facility.
The property is currently 86% physically occupied, with in-place rents averaging $21.94 per occupied square foot and generating over $3.75 million in annual revenue. Over the past 36 months, it has maintained an average occupancy of 91%, revealing an opportunity to recapture roughly 500 basis points of upside. Comparable facilities in the trade area show weighted average asking rents of approximately $26.50 per square foot (adjusted for unit mix), indicating strong potential for rent growth. Positioned in a submarket with limited non-climate-controlled inventory, the asset offers a competitive edge and upside in both occupancy and rental rates—making it a compelling opportunity in one of the nation’s most competitive self-storage markets.
Dania Beach Self Storage is located within the Fort Lauderdale MSA, one of the most dynamic and supply-constrained self storage markets in the Southeastern United States. The region benefits from strong demographic and economic tailwinds, including sustained in-migration, robust job growth, and limited new supply. Dania Beach offers strategic connectivity via I-95, US-1, and proximity to Fort Lauderdale-Hollywood International Airport, positioning the asset for high visibility and accessibility. The city has experienced steady residential development, with thousands of units delivered or planned within a three-mile radius, further supporting long-term demand for storage. With a diverse and growing population, favorable income trends, and constrained land availability, Dania Beach represents a highly attractive submarket for institutional self storage investment.