Tampa Bay MSA Self-Storage Opportunity – Bradenton, FL
5717 14th St W, Bradenton, FL 34207

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Price
Market Bid
NRSF
33,982
Bradenton, FL
Value-Add
Opportunity to acquire a single-story facility located in Bradenton, FL.
The largest building on the property was recently renovated and leasing up at high velocity.
Placed in a high-visibility location on U.S 41, seeing a significant amount of traffic daily.
An expected increase in physical occupancy to 80% within the 1st year and 92% in the 2nd year.
Over 97.600 people live within a 3-mile radius of the facility
Located in the center of a thriving community containing a variety of housing options within a 1-mile drive.
Projected levered IRRs in the mid-to-high teens.

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of Mini U Storage located in Bradenton, FL.

This property presents an exclusive opportunity to acquire a single-story facility in Bradenton, FL. The property includes 33,982 rentable square feet of self-storage located on US Hwy 41. One of three of the buildings suffered damage from a fire in August 2021 which damaged 305 of the 520 total units. Restoration efforts were completed in January of 2023 and the facility currently sits at 65% occupancy.

With a population of over 97,600 people, there is a substantial pool of customers within a 3-mile radius. It is located directly on U.S. Hwy 41 which allows for great visibility and heavy traffic flow everyday due to the city’s growing attraction. The facility is conveniently located next to a prospering Bradenton suburb with a significant number of complimentary commercial developments underway. There are a variety of housing options including Bayshore Apartments, Swan Lake Village, and Fountain Lake (less than a 1-mile drive from the subject property).

This property offers buyers the unique opportunity to acquire a single-story, self-storage facility with significant occupancy upside as a result of a fire damage to a significant portion of the facility in August 2021. Single-story product is highly sought after by consumers and has performed exceptionally well over the years. Based on our projections, we expect buyers will have the opportunity to realize levered returns of 17%.

Bradenton, FL

  • Sign CA to View Offering Memorandum

  • 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 Bradenton, 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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