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.