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.