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Self-Storage Facility

Storage Maxx

1496 Old Dixie Hwy, Homestead, FL 33030

Listing Price: $11,550,000

Cap Rate
5.00%
Number of Units
350
Occupancy
87.0%
Gross SF
42,306
Rentable SF
42,306
Price/Rentable SF
$273.01
Year Built
2004

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Storage Maxx located in Homestead, Florida. The facility consists of 203 climate-controlled units, 137 non-climate-controlled units, and 10 lockers totaling 42,306 net rentable square feet. There are also 129 parking spaces available for rent. This is a stabilized cash flowing facility that is currently 92 percent physically occupied. 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 rapidly growing surrounding population and is about thirty miles from downtown Miami. The population within five miles of the facility is 163,897, which represents an 80 percent increase since 2000 and is expected to continue to grow over the next five years. It is conveniently located less than a mile from U.S. Route 1 which provides easy access to serve customers throughout the area. The facility is located on Old Dixie Highway which is an extremely busy street and is surrounded by lots of residential neighborhoods, restaurants, retail stores, shopping centers, banks, schools, and much more. The Miami Dade College-Homestead Campus is just one mile down the road. This offers the facility great street frontage and high daily traffic counts.

Storage Maxx is being offered for $11.55 million or $273.01 per rentable square foot.

Investment Highlights

  • Miami, Florida MSA Self-Storage Offering
  • 42,306 Net Rentable Square Feet
  • 203 Climate-Controlled Units | 137 Non-Climate-Controlled Units | 10 Lockers
  • 129 Parking Spaces
  • Stabilized Facility: 92 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

Self-Storage Facility

Storage Maxx

Listing Price: $11,550,000

Cap Rate
5.00%
Number of Units
350
Occupancy
87.0%
Gross SF
42,306
Rentable SF
42,306
Price/Rentable SF
$273.01
Year Built
2004

Investment Highlights

  • Miami, Florida MSA Self-Storage Offering
  • 42,306 Net Rentable Square Feet
  • 203 Climate-Controlled Units | 137 Non-Climate-Controlled Units | 10 Lockers
  • 129 Parking Spaces
  • Stabilized Facility: 92 Percent Physically Occupied

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Storage Maxx located in Homestead, Florida. The facility consists of 203 climate-controlled units, 137 non-climate-controlled units, and 10 lockers totaling 42,306 net rentable square feet. There are also 129 parking spaces available for rent. This is a stabilized cash flowing facility that is currently 92 percent physically occupied. 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 rapidly growing surrounding population and is about thirty miles from downtown Miami. The population within five miles of the facility is 163,897, which represents an 80 percent increase since 2000 and is expected to continue to grow over the next five years. It is conveniently located less than a mile from U.S. Route 1 which provides easy access to serve customers throughout the area. The facility is located on Old Dixie Highway which is an extremely busy street and is surrounded by lots of residential neighborhoods, restaurants, retail stores, shopping centers, banks, schools, and much more. The Miami Dade College-Homestead Campus is just one mile down the road. This offers the facility great street frontage and high daily traffic counts.

Storage Maxx is being offered for $11.55 million or $273.01 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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