Florida East Coast 4-Property Self-Storage Portfolio

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Price
Market Bid
NRSF
149,990
Florida Portfolio
Core
Four extremely well-maintained facilities located in the state of Florida.
All four properties are located in large MSA’s three of which are located in the Miami and Jacksonville metros, which are two of the fastest-growing metros in the U.S.
High-visibility, heavily trafficked locations.
Newly upgraded security system in the Port St. Lucie property.
266,187 total population in a three-mile radius of all properties.
With a portfolio average physical occupancy of 88% and an economic occupancy of 68%.

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of a nearly stabilized, four-property portfolio in Florida.

Florida is the nation’s fastest-growing state, increasing its population by 1.9% to 22,244,823 between 2021 and 2022. Jacksonville has been named one of the top 3 fastest-growing metros of “The Sunshine State”. Businesses and individuals are flocking to Florida due to year-round good weather, no personal income taxes and being an overall business-friendly environment. In particular, the state is becoming a hotspot for banking and financial services, while Miami is as emerging as one of the hottest new tech hubs in North America today.

The Port St. Lucie property, on Florida’s Atlantic coast, is about 2.5 hours north of Homestead. Situated at 2171 Reserve Park Trce, the self-storage facility is easily accessible from the nearby commerce center park as well as I-95, which sees over 71,000 vehicles per day. Beyond the busy interstate, 25,153 residents live within a three-mile radius and more are moving in each day. Built in 2009, the 25,070 square-foot serves the fast-growing population with 284 rentable units (physical occupancy is 92% while economic occupancy is 97%).

The Homestead property, which is a part of the Miami metropolitan area, is located at 701 S Homestead Blvd. The property has excellent visibility from S Homestead Blvd with 35,500 vehicles per day. In this densely populated Miami suburb, 105,284 residents live within a three-mile radius of the 40,620 square-foot self-storage facility. While built in 1986, the well-maintained structure boasts a newly upgraded security system. Its 440 total units are currently at 89% physical occupancy and 65% economic occupancy.

Two of the four properties listed for sale in this portfolio are located in Jacksonville. The 3700 Southside Blvd Blvd Jacksonville property is located about 20 miles east near Wal-Mart and Southwind Villas multi-family community. This location boasts excellent visibility from the highly trafficked Southside Blvd netting about 44,500 vehicles per day. In this densely populated area, 86,446 residents live within a three-mile radius of the 47,300-square foot facility. There are 376 total rentable units, which are at 83% physical occupancy and 71% economic occupancy.

The second Jacksonville property, 5550 Stanford Rd location is near an Anytime Fitness and Winn-Dixie grocery store with a preschool and several residential neighborhoods nearby. Adjacent to the highly trafficked intersection of University Blvd West, the busy road sees up to 12,500 vehicles per day while San Jose Blvd sees about 36,500. 49,304 residents are located within a three-mile radius and the population has grown 1% in the past year. In addition to the prime location, the 37,000-square foot facility features a 2.2 acre-lot and 359 units (13 associated with the cell tower), which is at 89% physical occupancy and 55% economic occupancy.

Take advantage of this rare opportunity to secure four established facilities in high-visibility locations within the nation’s fastest-growing state.

Florida East Coast Portfolio

  • Sign CA to View Offering Memorandum

  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the Florida East Coast Portfolio opportunity.

    To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

    By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

    By accepting the Offering Memorandum, you acknowledge that you are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

    The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived.

    The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

    No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.



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