Lease-Up, Class-A Self-Storage Opportunity – Orlando, FL
16864 Old Cheney Hwy, Orlando, FL 32833
This offering presents a unique opportunity to acquire a best-in-class self-storage project in the rapidly growing Bithlo suburban area on the east side of Orlando. The Property comprises 76,010 rentable square feet across a mix of 552 climate-controlled ground-floor and drive-up units—a rare feature in today’s market where multistory climate-controlled facilities is becoming the norm for new development.
The Property opened in April 2024, and as of January 2025, achieved 42% square foot occupancy. Asking rents currently average $17.50 within a 3-mile radius, with potential for growth as new inventory is absorbed, especially with no significant projects underway. This, combined with strong projected population growth and rising median household incomes, indicates promising future performance.
The Property is strategically positioned along Florida State Road 50, a major artery traversing Florida’s center through Orlando. With approximately 42,000 vehicles passing the facility daily, the Property enjoys excellent visibility, particularly in its growing Orlando location. Access to the Property is further facilitated by nearby highways, enhancing its appeal to potential investors.
This facility represents a unique opportunity to acquire a best-in-class lease-up asset in one of the nation’s fast-growing markets. The Property is expected to stabilize in approximately 3 years at projected rents north of $19 per occupied square foot. Investors are well-positioned to capture significant value by leasing the asset up because of the current differential between lease-up and stabilized cap rates.