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Self-Storage Facility

Davie Self-Storage

7000 SW 22nd Ct, Davie, FL 33317

Listing Price: $4,250,000

Cap Rate
5.82%
Number of Units
2
Occupancy
96.0%
Gross SF
19,248
Rentable SF
19,248
Price/Rentable SF
$220.80
Year Built
1980

Investment Overview

Marcus & Millichap, as exclusive advisor is pleased to present for sale Davie Self-Storage (the “Property”) comprised of two, two-story buildings totaling +/- 19,250 square feet located in Davie, Florida. The facility consists of a total of 202 units that is broken down by 51 air-conditioned units, 131 air cooled units, 7 private offices, and 14 outdoor parking spaces available for rent. The units’ range in size from 5’ x 5’ to 10’ x 30’. This is a stabilized cash flowing facility that is currently 95% occupied and offers the new owner tremendous upside in increasing the well-below-market rents. The Property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance. This Property is located in the city of Davie and the Plantation submarket. The population within three-miles of the facility is +/- 105,000, and is expected to continue to grow over the next five years. The Property has high daily traffic counts of around 144,000 per day off the Port Everglades Expressway. Davie Self-Storage signifies an exceptionally rare investment opportunity for an investor to acquire a highly desirable, stable asset with below market rents and a diverse mix of tenants with strong historical occupancy in a high-barrier-to-entry market. This trophy asset is benefiting significantly from the heightened demand for self-storage space throughout South Florida, and its submarket is among the fastest growing in Broward County.

Investment Highlights

  • Below Market Rents
  • 51 Air-Conditioned Units | 130 Air Cooled Units
  • 7 Private Offices
  • 14 Outdoor Parking Spaces for Rent
  • Stabilized Facility: 95 Percent Occupied
  • High Daily Traffic Counts: 144,000 per day Off of the Port Everglades Expressway

Exclusively Listed By

Financing By

Self-Storage Facility

Davie Self-Storage

Listing Price: $4,250,000

Cap Rate
5.82%
Number of Units
2
Occupancy
96.0%
Gross SF
19,248
Rentable SF
19,248
Price/Rentable SF
$220.80
Year Built
1980

Investment Highlights

  • Below Market Rents
  • 51 Air-Conditioned Units | 130 Air Cooled Units
  • 7 Private Offices
  • 14 Outdoor Parking Spaces for Rent
  • Stabilized Facility: 95 Percent Occupied
  • High Daily Traffic Counts: 144,000 per day Off of the Port Everglades Expressway

Investment Overview

Marcus & Millichap, as exclusive advisor is pleased to present for sale Davie Self-Storage (the “Property”) comprised of two, two-story buildings totaling +/- 19,250 square feet located in Davie, Florida. The facility consists of a total of 202 units that is broken down by 51 air-conditioned units, 131 air cooled units, 7 private offices, and 14 outdoor parking spaces available for rent. The units’ range in size from 5’ x 5’ to 10’ x 30’. This is a stabilized cash flowing facility that is currently 95% occupied and offers the new owner tremendous upside in increasing the well-below-market rents. The Property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance. This Property is located in the city of Davie and the Plantation submarket. The population within three-miles of the facility is +/- 105,000, and is expected to continue to grow over the next five years. The Property has high daily traffic counts of around 144,000 per day off the Port Everglades Expressway. Davie Self-Storage signifies an exceptionally rare investment opportunity for an investor to acquire a highly desirable, stable asset with below market rents and a diverse mix of tenants with strong historical occupancy in a high-barrier-to-entry market. This trophy asset is benefiting significantly from the heightened demand for self-storage space throughout South Florida, and its submarket is among the fastest growing in Broward County.

Exclusively Listed By

Financing By

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