Self-Storage Facility

Cubesmart Self Storage

633 Alton Rd, Miami Beach, FL 33139

Listing Price: $16,100,000

Cap Rate
3.50%
Number of Units
786
Occupancy
55.1%
Gross SF
21,731
Rentable SF
21,731
Price/Rentable SF
$740.88
Year Built
2017

Investment Overview

Marcus & Millichap is pleased to offer for sale CubeSmart Self Storage (Managed) located in Miami Beach, Florida. This property received certificate of occupancy in 2017 and features 786 climate-controlled units and 135 wine storage units, totaling 21,731 net rentable square feet. The facility has an on-site professional management office, keypad entry, bio metric fingerprint access for wine storage customers, and 24-hour video surveillance.

This property benefits from an extremely dense and affluent surrounding population and is located in the heart of South Beach. It is in a busy area and is surrounded by many restaurants, retail stores, condominiums, apartments, hospitals, businesses, fitness centers, banks, neighborhoods and much more. This offers the facility great street frontage and high daily traffic counts of around 41,000 cars per day.

CubeSmart Self Storage (Managed) is being offered for $16,100,000 or $740.88 per rentable square foot.

Investment Highlights

  • Miami Beach (South Beach), Florida Self Storage Offering
  • Three-Story, Newly Built, Class-A Facility
  • 21,731 Net Rentable Square Feet | 786 Climate-Controlled Units 135 Wine Storage Units
  • High Barrier to Entry Market
  • High Daily Traffic Counts: 41,000 Cars per Day

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

Self-Storage Facility

Cubesmart Self Storage

Listing Price: $16,100,000

Cap Rate
3.50%
Number of Units
786
Occupancy
55.1%
Gross SF
21,731
Rentable SF
21,731
Price/Rentable SF
$740.88
Year Built
2017

Investment Highlights

  • Miami Beach (South Beach), Florida Self Storage Offering
  • Three-Story, Newly Built, Class-A Facility
  • 21,731 Net Rentable Square Feet | 786 Climate-Controlled Units 135 Wine Storage Units
  • High Barrier to Entry Market
  • High Daily Traffic Counts: 41,000 Cars per Day

Investment Overview

Marcus & Millichap is pleased to offer for sale CubeSmart Self Storage (Managed) located in Miami Beach, Florida. This property received certificate of occupancy in 2017 and features 786 climate-controlled units and 135 wine storage units, totaling 21,731 net rentable square feet. The facility has an on-site professional management office, keypad entry, bio metric fingerprint access for wine storage customers, and 24-hour video surveillance.

This property benefits from an extremely dense and affluent surrounding population and is located in the heart of South Beach. It is in a busy area and is surrounded by many restaurants, retail stores, condominiums, apartments, hospitals, businesses, fitness centers, banks, neighborhoods and much more. This offers the facility great street frontage and high daily traffic counts of around 41,000 cars per day.

CubeSmart Self Storage (Managed) is being offered for $16,100,000 or $740.88 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    License(s): FL: BK3154667

    Florida

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