Investment Overview

Marcus & Millichap is pleased to offer for sale Orlando Self Storage, located at 12611 International Drive, Orlando, Florida. Orlando Self Storage offers 485 interior temperature controlled units and 44 temperature controlled drive thru units within 62,780 net rentable square feet. The facility sits on 3.8 acres which allows room to add a 120’ x 130’ multi-story building next to the existing 120’ x 260’ structure. Plans for the expansion have been drafted, although not approved by the city, and the proforma unit mix is illustrated in the Financial Section (Unit Mix) of this Offering Memorandum. Orlando Self Storage is packed with many best-in-class amenities such as a spacious & modern retail office, a drive-thru tunnel that houses 44 temperature controlled drive-up units, security cameras & controlled access for security, ADA accommodations, diamond plated elevators and more. The subject property opened June 2022 and, in 14 months, leased 62% of its units and 53% of the square footage with very little discounting and while maintaining strong street rates, which are $16.59 per square foot. The economic occupancy at the end of August 2023 was 62%. Orlando Self Storage sits at the corner of International Drive and Daryl Carter Parkway in the middle of expansive residential and commercial growth. Not only is the facility sitting 2 miles from Disney, Sea World and Universal, it is only 1 mile from Orlando’s Premium Outlet Mall, Marriott World Vacation Headquarters and the world’s largest White Castle. All of this sits at the doorsteps or within a nationally recognized local developer’s massive O-Town West development. More information about Unicorp’s O-Town West development is included on the following pages or you can visit www.unicorp.com/project/otown-west. The residential population within 3 and 5-miles of the facility is 38,923 and 118,790, respectively, and expected to grow over 7% in the next few years. The average household income is $104,497, well above the national average. CoStar reports there are 46 apartment communities within 3 miles of the facility and 42% of the unit mix at these communities is studio and 1-bedroom apartments, which are huge demand drivers to the storage industry. As previously mentioned, the facility can be expanded to add another ~50,100 net rentable square feet. Once this expansion is built and stabilized, the NOI is expected to increase $1.1 million.