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Extra Space Storage Acquires Suburban Tampa Asset

August 24, 2020

A partnership between Flagship Cos. Group and Blue Vista Capital Management has completed the disposition of an 83,270-square-foot self storage property in an Opportunity Zone in Tampa, Fla. Extra Space Storage, the current property manager, acquired the facility.

The seller and developer purchased the 6-acre land parcel at 9343 E. Fowler Ave. for $1.1 million in 2016 from Hide-Away Storage, Hillsborough County records show. Synovus Bank provided a $5.8 million construction loan for the property, which encompasses four buildings delivered in 2017.

The facility has 713 climate-controlled units and 27 covered RV parking spaces, ranging from 20 to 600 square feet. The store features a covered loading bay, security cameras and drive-up access. The site is a short distance from Interstate 75 and roughly 12 miles northeast of downtown Tampa.

Marcus & Millichap Executive Managing Director Charles LeClaire and Senior Vice President Adam Schlosser facilitated the transaction on behalf of the seller.

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