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Self-Storage Facility

Condev Self Storage

4334 Edgewater Dr, Orlando, FL 32804

Listing Price: $12,500,000

Cap Rate
3.24%
Number of Units
469
Occupancy
75.0%
Gross SF
72,500
Rentable SF
53,945
Price/Rentable SF
$231.72
Year Built
2021

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Condev Self Storage located in Orlando, Florida. The facility is currently under construction and is expected to be completed in January of 2022. The facility will consist of 469 climate-controlled units totaling 53,945 net rentable square feet. The location of this facility benefits from a dense and growing surrounding population. The population within five miles of the facility is 273,298, which represents a 13 percent increase since 2000 and is expected to continue to grow over the next five years. The facility is located in a re-developing, densely populated area of Orlando known as College Park, just four miles north of downtown. In addition to College Park, the facility will also serve the residents and businesses of western Winter Park. This is a high barrier to entry, lakefront, infill location. They are also less than four miles from University of Central Florida. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as restaurants, retail stores, and schools. This offers the facility great street frontage and high daily traffic counts of around 24,500 cars per day off Edgewater Drive. Condev Self Storage is being offered for $12.5 million or $231.72 per rentable square foot.

Investment Highlights

  • Orlando, Florida MSA Self-Storage Offering
  • New Construction: Facility will be Completed in January of 2022
  • 53,945 Net Rentable Square Feet
  • 469 Climate-Controlled Units
  • High Barrier to Entry Market

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

Condev Self Storage

Listing Price: $12,500,000

Cap Rate
3.24%
Number of Units
469
Occupancy
75.0%
Gross SF
72,500
Rentable SF
53,945
Price/Rentable SF
$231.72
Year Built
2021

Investment Highlights

  • Orlando, Florida MSA Self-Storage Offering
  • New Construction: Facility will be Completed in January of 2022
  • 53,945 Net Rentable Square Feet
  • 469 Climate-Controlled Units
  • High Barrier to Entry Market

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Condev Self Storage located in Orlando, Florida. The facility is currently under construction and is expected to be completed in January of 2022. The facility will consist of 469 climate-controlled units totaling 53,945 net rentable square feet. The location of this facility benefits from a dense and growing surrounding population. The population within five miles of the facility is 273,298, which represents a 13 percent increase since 2000 and is expected to continue to grow over the next five years. The facility is located in a re-developing, densely populated area of Orlando known as College Park, just four miles north of downtown. In addition to College Park, the facility will also serve the residents and businesses of western Winter Park. This is a high barrier to entry, lakefront, infill location. They are also less than four miles from University of Central Florida. They are located off a busy street and are surrounded by lots of residential neighborhoods, as well as restaurants, retail stores, and schools. This offers the facility great street frontage and high daily traffic counts of around 24,500 cars per day off Edgewater Drive. Condev Self Storage is being offered for $12.5 million or $231.72 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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