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Self-Storage Facility

St Lucie Storage

6151 Turnpike Feeder Rd, Fort Pierce, FL 34951

Listing Price: $2,450,000

Cap Rate
5.95%
Number of Units
187
Occupancy
89.0%
Gross SF
16,825
Rentable SF
16,825
Price/Rentable SF
$145.62
Year Built
1989

Investment Overview

The Hatcher Group of Marcus & Millichap is pleased to exclusively offer for sale St Lucie Storage located in Fort Pierce, Florida. The facility consists of 52 climate-controlled units, 135 non-climate-controlled units, and two apartments available for rent totaling 16,825 net rentable square feet. There are also 69 outdoor parking spaces available for rent. This is a stabilized cash flowing facility that is currently 97 percent physically occupied. There is also 1.21 acres to the north of the property for potential expansion. The property is fully fenced with an on-site management office, and 24-hour video surveillance.

The location of this facility is six and a half miles south of Vero Beach, Florida and benefits from a growing surrounding population. The population within five miles of the facility has increased 28 percent since 2000 and is expected to continue to grow over the next five years. The facility is located half miles from US Route 1 and is on a busy street which has high daily traffic counts of around 11,500 cars per day off Turnpike Feeder Road.

St Lucie Storage is being offered for $2.45 million or $145.62 per rentable square foot.

Investment Highlights

  • 16,825 Net Rentable Square Feet
  • 135 Non-Climate-Controlled Units | 52 Climate-Controlled Units
  • 69 Parking Spaces
  • Two Apartment Units
  • Stabilized Facility: 97 Percent Physically Occupied

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Listing Price: $2,450,000

Cap Rate
5.95%
Number of Units
187
Occupancy
89.0%
Gross SF
16,825
Rentable SF
16,825
Price/Rentable SF
$145.62
Year Built
1989

Investment Highlights

  • 16,825 Net Rentable Square Feet
  • 135 Non-Climate-Controlled Units | 52 Climate-Controlled Units
  • 69 Parking Spaces
  • Two Apartment Units
  • Stabilized Facility: 97 Percent Physically Occupied

Investment Overview

The Hatcher Group of Marcus & Millichap is pleased to exclusively offer for sale St Lucie Storage located in Fort Pierce, Florida. The facility consists of 52 climate-controlled units, 135 non-climate-controlled units, and two apartments available for rent totaling 16,825 net rentable square feet. There are also 69 outdoor parking spaces available for rent. This is a stabilized cash flowing facility that is currently 97 percent physically occupied. There is also 1.21 acres to the north of the property for potential expansion. The property is fully fenced with an on-site management office, and 24-hour video surveillance.

The location of this facility is six and a half miles south of Vero Beach, Florida and benefits from a growing surrounding population. The population within five miles of the facility has increased 28 percent since 2000 and is expected to continue to grow over the next five years. The facility is located half miles from US Route 1 and is on a busy street which has high daily traffic counts of around 11,500 cars per day off Turnpike Feeder Road.

St Lucie Storage is being offered for $2.45 million or $145.62 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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