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

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%.




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