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Self-Storage Facility

CubeSmart Self Storage (Managed)

124 St Johns Commons Road, Saint Johns, FL 32259

Listing Price: $19,225,000

Cap Rate
3.47%
Number of Units
482
Occupancy
96.0%
Gross SF
72,000
Rentable SF
55,335
Price/Rentable SF
$347.43
Year Built
2017

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale CubeSmart Self Storage (Managed) located in St Johns, Florida. The facility consists of 482 climate-controlled units totaling 55,335 net rentable square feet. This is a stabilized cash flowing facility that is currently 95 percent physically occupied. The property is fully secured with 24-hour video surveillance and an on-site management office. The location of this facility benefits from a dense and rapidly growing surrounding population and is just 20 miles away from Jacksonville. The population within five miles of the facility is 57,583, which represents a 505 percent increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, restaurants, retail stores, and schools. This offers the facility high daily traffic counts of around 34,500 cars per day off St Johns Commons Road. CubeSmart Self Storage (Managed) is being offered for $19,225,000 or $347.43 per rentable square foot.

Investment Highlights

  • Jacksonville MSA Class A Self-Storage Facility
  • 55,335 Net Rentable Square Feet
  • 482 Climate-Controlled Units
  • Newly Built: 2017
  • Stabilized Facility: 95 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

CubeSmart Self Storage (Managed)

Listing Price: $19,225,000

Cap Rate
3.47%
Number of Units
482
Occupancy
96.0%
Gross SF
72,000
Rentable SF
55,335
Price/Rentable SF
$347.43
Year Built
2017

Investment Highlights

  • Jacksonville MSA Class A Self-Storage Facility
  • 55,335 Net Rentable Square Feet
  • 482 Climate-Controlled Units
  • Newly Built: 2017
  • Stabilized Facility: 95 Percent Physically Occupied

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale CubeSmart Self Storage (Managed) located in St Johns, Florida. The facility consists of 482 climate-controlled units totaling 55,335 net rentable square feet. This is a stabilized cash flowing facility that is currently 95 percent physically occupied. The property is fully secured with 24-hour video surveillance and an on-site management office. The location of this facility benefits from a dense and rapidly growing surrounding population and is just 20 miles away from Jacksonville. The population within five miles of the facility is 57,583, which represents a 505 percent increase since 2000 and is expected to continue to grow over the next five years. They are located off a busy street and are surrounded by lots of residential neighborhoods, restaurants, retail stores, and schools. This offers the facility high daily traffic counts of around 34,500 cars per day off St Johns Commons Road. CubeSmart Self Storage (Managed) is being offered for $19,225,000 or $347.43 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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