The Self-Storage Group of Cushman & Wakefield has been selected to exclusively market the sale of a property located in the Tampa Bay metro area.
Seize the opportunity to acquire an established self-storage property in one of the fastest-growing markets in the country – Tampa Bay, Florida. New residents are flocking to the Bay area due to job growth in higher-paying professional and business services. As a result, these business expansions are spurring impressive economic growth in Tampa.
The self-storage facility listed in this sale is situated on a 4.7-acre lot next to the busy Selmon Expressway, which sees up to 52,000 vehicles each day. To meet this influx of demand an expansion is underway and noted in the unit mix, this expansion will be completed in Q3 of 2022. This brings the total facility to 104,600 square feet with 771 units. Costco and many multifamily developments are located nearby. Completed in 2008, the main facility is 77,300 square-foot structure that easily accommodates the growing city with 668 rentable units.
For confidence and convenience, the facility features a state-of-the-art security system and climate-controlled units to protect against Florida’s sweltering humidity. Vehicle parking is also available at this location. All in all, this sale presents a rare opportunity for a savvy investor to acquire an established business in a sought-after Florida metro area where self-storage demand continues to grow as the city expands.