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Self-Storage Facility

CubeSmart Self Storage (Managed)

1111 SW Pine Island Rd, Cape Coral, FL 33991

Listing Price: $24,000,000

Cap Rate
3.41%
Number of Units
1,016
Occupancy
60.0%
Gross SF
102,345
Rentable SF
102,345
Price/Rentable SF
$234.50
Year Built
2023

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale CubeSmart Self Storage (Managed) located in Cape Coral, Florida. This facility is a brand new, class A facility that opened on July 1, 2023. It features a mix of climate controlled and non-climate-controlled units with a total of 1,016 units making up 102,345 net rentable square feet. This is a dense and growing market and Cape Coral currently has a moratorium on self-storage.

Investment Highlights

  • Fort Myers MSA, Brand New, Class A Self-Storage Offering
  • Opened on July 1, 2023
  • 102,345 Net Rentable Square Feet
  • Mix of NCC and CC 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

CubeSmart Self Storage (Managed)

Listing Price: $24,000,000

Cap Rate
3.41%
Number of Units
1,016
Occupancy
60.0%
Gross SF
102,345
Rentable SF
102,345
Price/Rentable SF
$234.50
Year Built
2023

Investment Highlights

  • Fort Myers MSA, Brand New, Class A Self-Storage Offering
  • Opened on July 1, 2023
  • 102,345 Net Rentable Square Feet
  • Mix of NCC and CC Units

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale CubeSmart Self Storage (Managed) located in Cape Coral, Florida. This facility is a brand new, class A facility that opened on July 1, 2023. It features a mix of climate controlled and non-climate-controlled units with a total of 1,016 units making up 102,345 net rentable square feet. This is a dense and growing market and Cape Coral currently has a moratorium on self-storage.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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