Florida Treasure Coast, Value-Add Self-Storage Opportunity – Port St. Lucie
7680 S U.S. Hwy 1, Port St. Lucie, FL 34952
This offering presents investors with the opportunity to acquire a well-located, income-producing self-storage asset in the Treasure Coast region of Southeast Florida. The facility was constructed in 2001 and totals 54,775 rentable square feet across 563 units on a 3.4-acre parcel. This location benefits from direct frontage along South US Highway 1, a major north-south corridor that provides strong visibility and accessibility.
The property is currently 79% physically occupied with in-place rents averaging $20.48 per square foot. In addition to occupancy upside, the location offers near-term revenue growth through ECRIs to bring existing customers to market rates.
St. Lucie County is one of the fastest-growing regions in Florida, strategically located between Central and South Florida along the Treasure Coast. The area has experienced sustained population growth, with over 330,000 residents countywide and projections indicating continued expansion through the end of the decade. According to the St. Lucie County EDC’s 2024 Mid-Year Report, the local economy is being driven by growth in aviation, logistics, life sciences, and advanced manufacturing, supported by a labor force participation rate that has increased to 55.3% over the past five years.
The region benefits from a favorable business climate, a growing base of retirees and remote workers, and significant residential development activity. The subject property is well-positioned along a major commercial corridor that connects the two cities and supports a mix of residential, retail, and service-based demand. These factors reinforce long-term demand for self-storage in this corridor.