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Self-Storage Facility

CubeSmart Self Storage (Managed)

1201 Lewis Dr, Winter Park, FL 32789

Listing Price: $21,550,000

Cap Rate
1.36%
Number of Units
607
Occupancy
40.7%
Gross SF
70,445
Rentable SF
70,445
Price/Rentable SF
$305.91
Year Built
2019

Investment Overview

Marcus & Millichap is pleased to offer for sale CubeSmart Self Storage (Managed) located in Winter Park, Florida. This property is a brand new, Class A facility that features 607 climate-controlled units and eight retail spaces, totaling 70,445 net rentable square feet. They opened in August 2019 and are already 86 percent physically occupied. The property is fully secured with keypad entry, 24-hour video surveillance, and an on-site professional management office.

The location of this facility benefits from an extremely dense, affluent, and growing surrounding population, and is just six miles north of Orlando. There are currently 272,852 people living within a five-mile radius of the facility which represents a 16 percent increase since 2000, and it is expected to continue to grow over the next five years. The property is surrounded by many restaurants, banks, retail stores, car dealerships, fitness facilities, doctors' offices, neighborhoods, and much more. It is also nearby the Orlando Museum of Art and Orlando Executive Airport. This offers the facility great street frontage and high daily traffic counts of around 40,000 cars per day.

CubeSmart Self Storage (Managed) is being offered for $21,550,000 or $305.91 per rentable square foot.

Investment Highlights

  • Orlando MSA Self Storage Offering
  • Newly Built, Four-Story All Climate-Controlled, Class-A Facility
  • 70,445 Net Rentable Square Feet
  • 607 Climate-Controlled Units | Eight Retail Spaces
  • Opened August 2019

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Self-Storage Facility

CubeSmart Self Storage (Managed)

Listing Price: $21,550,000

Cap Rate
1.36%
Number of Units
607
Occupancy
40.7%
Gross SF
70,445
Rentable SF
70,445
Price/Rentable SF
$305.91
Year Built
2019

Investment Highlights

  • Orlando MSA Self Storage Offering
  • Newly Built, Four-Story All Climate-Controlled, Class-A Facility
  • 70,445 Net Rentable Square Feet
  • 607 Climate-Controlled Units | Eight Retail Spaces
  • Opened August 2019

Investment Overview

Marcus & Millichap is pleased to offer for sale CubeSmart Self Storage (Managed) located in Winter Park, Florida. This property is a brand new, Class A facility that features 607 climate-controlled units and eight retail spaces, totaling 70,445 net rentable square feet. They opened in August 2019 and are already 86 percent physically occupied. The property is fully secured with keypad entry, 24-hour video surveillance, and an on-site professional management office.

The location of this facility benefits from an extremely dense, affluent, and growing surrounding population, and is just six miles north of Orlando. There are currently 272,852 people living within a five-mile radius of the facility which represents a 16 percent increase since 2000, and it is expected to continue to grow over the next five years. The property is surrounded by many restaurants, banks, retail stores, car dealerships, fitness facilities, doctors' offices, neighborhoods, and much more. It is also nearby the Orlando Museum of Art and Orlando Executive Airport. This offers the facility great street frontage and high daily traffic counts of around 40,000 cars per day.

CubeSmart Self Storage (Managed) is being offered for $21,550,000 or $305.91 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

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