Investment Overview

Marcus & Millichap is pleased to present this compelling opportunity to develop a Class A, trophy self-storage facility in one of Palm Beach County’s strongest high growth corridors. Situated on 1.75 acres within a MUPD, the planned facility delivers 860 climate-controlled units totaling 77,363 net rentable square feet. The site is fully entitled, all permits and construction contracts are in place, and sitework has already commenced, positioning investors to enter at a substantially de-risked stage of development. Located along the high visibility Hypoluxo Road corridor—between both I-95 and the Florida Turnpike—the property benefits from exceptional exposure, strong household density, and a rapidly growing residential base. The surrounding three-mile trade area contains only 4.5 square feet per capita of climate-controlled supply (9.53 square feet including non-climate-controlled), indicating a meaningfully undersupplied market with significant absorption potential. Palm Beach County continues to experience strong in-migration from the Northeast, Midwest, and West Coast, driving sustained household formation, rising home prices, and record levels of new residential construction. This growth, combined with a favorable housing mix and a shortage of high-quality climate-controlled inventory, positions the subject facility for long-term stabilized performance.