Skip to main content

Self-Storage Facility

Malabar Mini Storage

940 Malabar Rd, Palm Bay, FL 32907

Listing Price: $16,000,000

Cap Rate
2.73%
Number of Units
612
Occupancy
75.0%
Rentable SF
73,300
Price/Rentable SF
$218.28
Year Built
2024

Investment Overview

Marcus & Millichap is pleased to offer for sale Malabar Mini Storage located in Palm Bay, Florida. This property plans to feature 612 climate-controlled units totaling 73,300 net rentable square feet. This facility will benefit from a dense and rapidly growing surrounding population. Malabar Mini Storage will sit on 4.93 acres of land and will be located about six miles south-west of Melbourne, Florida.

Investment Highlights

  • Florida Atlantic Coast Class A Self-Storage Offering
  • Located Right Off of I-95 on the Very Busy Malabar Road in Palm Bay
  • 73,300 Net Rentable Square Feet
  • 612 All Climate-Controlled Units

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Self-Storage Facility

Malabar Mini Storage

Listing Price: $16,000,000

Cap Rate
2.73%
Number of Units
612
Occupancy
75.0%
Rentable SF
73,300
Price/Rentable SF
$218.28
Year Built
2024

Investment Highlights

  • Florida Atlantic Coast Class A Self-Storage Offering
  • Located Right Off of I-95 on the Very Busy Malabar Road in Palm Bay
  • 73,300 Net Rentable Square Feet
  • 612 All Climate-Controlled Units

Investment Overview

Marcus & Millichap is pleased to offer for sale Malabar Mini Storage located in Palm Bay, Florida. This property plans to feature 612 climate-controlled units totaling 73,300 net rentable square feet. This facility will benefit from a dense and rapidly growing surrounding population. Malabar Mini Storage will sit on 4.93 acres of land and will be located about six miles south-west of Melbourne, Florida.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

MM Texture Background
MM Textured Background Lower