Seize the opportunity to acquire an established selfstorage property in the fast-growing Tampa Bay metro area. 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 local economy is worth over $130 billion, and the metro area is third fastest growing in Florida.
The self-storage facility listed in this sale is located in the northern part of the metro area along the busy State Road 52, which sees up to 32,500 vehicles each day. A large Publix, several restaurants and a high school are closeby. Completed in 1979, the well-maintained, 26,950 square-foot structure easily accommodates Tampa Bay’s growing population with 164 rentable units. Physical occupancy is currently 98.7% / 95.8% with economic occupancy at 81.15%.
All told, this sale presents a rare opportunity for a savvy investor to acquire an established business in a sought-after area where self-storage demand remains constant as the metro area expands at a record rate.