Space Shop Self-Storage Opportunity – Plant City, FL
1819 James L Redman Pkwy, Plant City, FL 33563
The offering presents an opportunity to acquire a 2021-vintage, institutional-quality self-storage facility along the primary retail corridor of one of the fastest-growing submarkets in the Tampa–Lakeland I-4 corridor, with meaningful embedded upside remaining in both occupancy and rate.
Located at 1819 James L Redman Parkway, the Property sits on 6.1 acres and totals 72,375 net rentable square feet across 678 units. The unit mix is predominantly ground floor climate-controlled — 570 units totaling 59,775 NRSF, complemented by 81 drive-up non-climate units (12,600 NRSF) and 27 open parking spaces, giving the asset a broad product offering across every major demand segment. Built in 2021 and delivered with modern security, gated access, and a full climate-controlled envelope, the facility requires no meaningful deferred capital and competes at the top of the local quality tier.
As of the August 2026 analysis date, the Property was 85.4% physically occupied with in-place rents averaging ~$16.00/SF annually. Ground floor climate-controlled units were approximately 86% physically occupied with in-place rents averaging ~$15.95/SF annually, while drive-up non-climates were approximately 81% physically occupied with in-place rents averaging ~$13.37/SF annually. Relative to asking rates of $16.44/SF annually there is a spread that provides a clear, low-friction path to revenue growth through loss-to-lease and loss-to-vacancy.
The Property is strategically positioned on James L Redman Parkway (SR 39), Plant City’s dominant north-south retail and commuter corridor, directly connecting the I-4 interchange to the historic downtown core and the surrounding residential base. The immediate corridor is anchored by national big-box and grocery-anchored retail, generating high daily traffic counts and consistent consumer visibility for the asset. Plant City benefits from its position midway between Tampa and Lakeland — two of Florida’s strongest employment and industrial growth markets — with the surrounding submarket supported by 41,121 residents within three miles and 71,955 within five miles, projected to grow to 76,641 by 2030 (1.3% annually). Median household income within five miles is $72,718 with average household income of $93,065, and homeownership within five miles exceeds 66%, a demographic profile historically correlated with durable, long-duration storage demand tied to household formation, residential turnover, and in-migration.
Overall, this offering provides investors the opportunity to acquire a Class A, income-producing self-storage asset in a high-growth Central Florida corridor at an attractive basis, with a defined path to NOI growth through lease-up and rate optimization.