Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Storage World & Car Wash located in Hudson, Florida. The facility consists of 159 climate-controlled units and 140 non-climate-controlled units totaling 38,067 net rentable square feet. There are also 101 parking spaces available for rent. The seller is completing an 80-parking spot expansion on Lot 2, that will be delivered Dec 1, 2022. This is a stabilized cash flowing facility that is currently 88 percent physically occupied. The property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance. The location of this facility benefits from a rapidly growing surrounding population. The population within five miles of the facility is 100,173, which represents a 29 percent increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as restaurants and retail stores. This offers the facility great street frontage and high daily traffic counts of around 31,000 cars per day off State Road 52. Storage World & Car Wash is being offered for $8,000,000 or $210.16 per rentable square foot.