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Self-Storage Facility

Extra Space Storage (Managed)

2399 Champion Ring Rd, Fort Myers, FL 33905

Listing Price: $23,100,000

Cap Rate
4.03%
Number of Units
658
Occupancy
97.0%
Gross SF
103,500
Rentable SF
81,355
Price/Rentable SF
$283.94
Year Built
2019

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Extra Space Storage (Managed) located in Fort Myers, Florida. The facility consists of 601 climate-controlled units and 57 non-climate-controlled units totaling 81,355 net rentable square feet. This is a stabilized cash flowing facility that is currently 97 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. The population within five miles of the facility is 111,589, which represents a 141 percent increase since 2000 and is expected to continue to grow over the next five years. They are located just two blocks from Dr Martin Luther King Boulevard (Florida State Route 82) and are surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, and schools. The facility also has great visibility and high daily traffic counts of around 32,000 cars per day. Extra Space Storage (Managed) is being offered for $23,100,000 or $283.94 per rentable square foot.

Investment Highlights

  • Newly Built, Class A Self-Storage Facility
  • 81,355 Net Rentable Square Feet
  • 601 Climate-Controlled Units
  • 57 Non-Climate-Controlled Units
  • 97 Percent Physically Occupied

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Self-Storage Facility

Extra Space Storage (Managed)

Listing Price: $23,100,000

Cap Rate
4.03%
Number of Units
658
Occupancy
97.0%
Gross SF
103,500
Rentable SF
81,355
Price/Rentable SF
$283.94
Year Built
2019

Investment Highlights

  • Newly Built, Class A Self-Storage Facility
  • 81,355 Net Rentable Square Feet
  • 601 Climate-Controlled Units
  • 57 Non-Climate-Controlled Units
  • 97 Percent Physically Occupied

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale Extra Space Storage (Managed) located in Fort Myers, Florida. The facility consists of 601 climate-controlled units and 57 non-climate-controlled units totaling 81,355 net rentable square feet. This is a stabilized cash flowing facility that is currently 97 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. The population within five miles of the facility is 111,589, which represents a 141 percent increase since 2000 and is expected to continue to grow over the next five years. They are located just two blocks from Dr Martin Luther King Boulevard (Florida State Route 82) and are surrounded by lots of residential neighborhoods, as well as, restaurants, retail stores, and schools. The facility also has great visibility and high daily traffic counts of around 32,000 cars per day. Extra Space Storage (Managed) is being offered for $23,100,000 or $283.94 per rentable square foot.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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