Stabilized Florida East Coast Self-Storage Opportunity – Port St Lucie, FL
440 Market Pl, Port St. Lucie, FL 34986

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Price
Market Bid
NRSF
32,188
Port St Lucie, FL
Core+
Modern security amenities, 9 24/7 video surveillance cameras, key pad entry, locking security gates and more.
Ability to increase rental rates
High Physical Occupancy at 95%
Mix of Climate controlled and non Climate units
Multi-story facility equipped with an elevator
Located in a growing Florida Market

Cushman & Wakefield’s Self Storage Advisory Group has been selected to exclusively market the sale of a value add Self Storage asset located in Port St. Lucie, Florida.

Located on Florida’s Treasure Coast, Port St. Lucie boasts positive population growth projections as well as household income growth. Port St. Lucie’s geographic location provides easy access to West Palm Beach, Boca Raton, Fort Lauderdale and Miami to the south, via Interstate 95. Port St. Lucie is home to world class fishing, golf, water sports, shopping and superb Florida sunshine and weather. Clover Park is located in Port St. Lucie and is the Spring Training home of the New York Mets and the summer home of their Minor League affiliate, the St. Lucie Mets.

Built in 1991, this Florida based Self Storage asset provides 32,188 rentable square feet. This multi level facility offers climate controlled storage as well as non climate controlled options. Currently 95% physically occupied, there is a significant opportunity for an investor to raise rental rates as well as improve the overall management strategy.

Equipped with 315 total units, sitting on 2.1 acres, this facility offers a well planned unit mix of standard sized units, along with an office and a 50’x40’ warehouse space.

Altogether, this sale presents an opportunity to acquire a Florida based storage asset, with a track record of positive year over year NOI, in a growing market, with the ability to push rates.

Smoot - Port St Lucie, FL

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  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the Port St Lucie, FL Self-Storage opportunity.

    To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

    By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

    By accepting the Offering Memorandum, you acknowledge that you are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

    The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived.

    The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

    No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.



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