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Self-Storage Facility

CubeSmart Self Storage (Managed)

9135 Herlong Rd, Jacksonville, FL 32210

Listing Price: $37,350,000

Cap Rate
0.92%
Number of Units
951
Occupancy
26.9%
Gross SF
141,508
Rentable SF
141,508
Price/Rentable SF
$263.94
Year Built
2021

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale CubeSmart Self Storage (Managed) located in Jacksonville, Florida. This is a brand-new facility that opened in March 2021 and consists of 694 climate-controlled units, 194 non-climate-controlled units, and 47 enclosed parking spaces totaling 141,508 net rentable square feet. There are also 16 outdoor parking spaces available for rent. The property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance.

The location of this facility benefits from a dense and growing surrounding population and is about ten miles from downtown Jacksonville. The population within five miles of the facility is 134,285, which represents a 29 percent increase since 2000 and is expected to continue to grow over the next five years. They are conveniently located off State Route 228 and are surrounded by lots of residential neighborhoods as well as, restaurants, retail stores, and Herlong Recreational Airport. This offers the facility great street frontage and high daily traffic counts of around 19,000 cars per day off Normandy Boulevard and 5,000 cars per day off Herlong Road.

CubeSmart Self Storage (Managed) is being offered for $37.35 million or $263.94 per rentable square foot.

Investment Highlights

  • Jacksonville, Florida MSA - Largest City in Florida
  • Brand-New, Class A Self-Storage Facility
  • Opened in March 2021
  • 141,508 Net Rentable Square Feet
  • 694 Climate-Controlled Units | 194 Non-Climate-Controlled Units

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Self-Storage Facility

CubeSmart Self Storage (Managed)

Listing Price: $37,350,000

Cap Rate
0.92%
Number of Units
951
Occupancy
26.9%
Gross SF
141,508
Rentable SF
141,508
Price/Rentable SF
$263.94
Year Built
2021

Investment Highlights

  • Jacksonville, Florida MSA - Largest City in Florida
  • Brand-New, Class A Self-Storage Facility
  • Opened in March 2021
  • 141,508 Net Rentable Square Feet
  • 694 Climate-Controlled Units | 194 Non-Climate-Controlled Units

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale CubeSmart Self Storage (Managed) located in Jacksonville, Florida. This is a brand-new facility that opened in March 2021 and consists of 694 climate-controlled units, 194 non-climate-controlled units, and 47 enclosed parking spaces totaling 141,508 net rentable square feet. There are also 16 outdoor parking spaces available for rent. The property is fully fenced with a keypad, gated entry, an on-site management office, and 24-hour video surveillance.

The location of this facility benefits from a dense and growing surrounding population and is about ten miles from downtown Jacksonville. The population within five miles of the facility is 134,285, which represents a 29 percent increase since 2000 and is expected to continue to grow over the next five years. They are conveniently located off State Route 228 and are surrounded by lots of residential neighborhoods as well as, restaurants, retail stores, and Herlong Recreational Airport. This offers the facility great street frontage and high daily traffic counts of around 19,000 cars per day off Normandy Boulevard and 5,000 cars per day off Herlong Road.

CubeSmart Self Storage (Managed) is being offered for $37.35 million or $263.94 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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