New Construction Self-Storage | Key West, FL
113 Overseas Hwy, Key West, FL 33040

A brand new, purpose-built facility which will feature modern conveniences for its customers. The facility is constructed out of CMU block walls secured in all 4 corners by helical piers. This makes the building rock solid in wind as opposed to some other wood or steel structures that buckle under wind loads.
High barrier-to-entry market with limited existing supply and future development opportunities.
High-growth market with strong tailwinds.
Well located off US Highway 1 and less than 7 miles driving distance from the Key West International Airport.
Over the last year, interest in investing in real estate in small towns and places like the Florida Keys has grown tremendously. Many people are fleeing the high-tax, high-stress northern states, attracted to the tropical island dream.

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.



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