The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to sell the Key West Self-Storage Opportunity
The Key West Self-Storage Opportunity is a Class A, trophy asset, completed in February 2022. The opportunity includes 40,715 net rentable square feet facility across 311 climate-controlled and 53 non-climate units, as well as a large open rental office. The Facility will be ready to open in March 2022 and will offer its tenants modern conveniences such as climate-controlled units, video surveillance and electronic gate access, online booking and reservation, and free use of moving equipment.
The facility is well located off Highway US 1 in Key West, Florida, just minutes from the Key West Historic District and Duval Street. The 7-mile strip is home to just under 25,000 people with the average household income at approximately $98,000.
As the Sunbelt continues to expand due to current and expected U.S. migration trends, this asset is expected to generate strong demand and lease-up at an impressive rate. This opportunity represents a unique opportunity to acquire a trophy self-storage asset in the Florida Keys.