Core, Tampa Bay Self-Storage Opportunity – Tampa, FL
4307 S Dale Mabry Hwy, Tampa, FL 33611
This exclusive opportunity allows investors to acquire a high-quality, owner-managed self-storage facility in the highly sought-after South Tampa submarket. The Property boasts 81,485 rentable square feet across 826 climate-controlled units and 35 parking spaces. Located on South Dale Mabry Highway, a major thoroughfare in Tampa, the facility is easily accessible and strategically positioned. Notably, this asset is one of the best-located within its 3-mile competitive set, offering unparalleled visibility and convenience north of Gandy Boulevard, where the majority of existing competition is, significantly enhancing its strategic positioning in Tampa.
Originally built as a warehouse for a shoe retailer, the Property was converted into self-storage in 2001, including an expansion that added a three-story climate-controlled building at the front of the parcel alongside South Dale Mabry Highway. In 2019, an additional three-story climate-controlled building was added, further expanding the site. The Property also holds significant potential for further expansion on its western edge, where additional units can be constructed in place of the existing parking spaces, pending permits and approvals.
The facility is currently 99% occupied, with in-place rents approximately 20% below market rates, indicating substantial potential for rent growth. Furthermore, the store currently provides tenant insurance services to only one tenant, presenting a significant opportunity to enhance income by expanding this revenue line.
The store is located in the City of Tampa in the Tampa Bay / St. Petersburg MSA. The Tampa Bay Area is home to approximately 3.0 million people and boasts some of the highest population growth in the nation. It also has a diverse economy with strong healthcare, technology, and logistics industries. The Property is situated in the desirable Fair Oaks neighborhood, right down the street from Britton Plaza—a historic shopping center slated for redevelopment into a mixed-use project— and is well-positioned to benefit from increased population growth and visibility.