CubeSmart Storage (Managed)

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Deal Highlights

CubeSmart Self Storage is a self-storage facility located in the Tampa-St Petersburg-Clearwater FL, MSA. Own this self-storage property situated on 1.99 acres of land, with 62,810 net rentable square feet and 607 total units.

  • Favorable supply dynamic of 8.74 sqft per capita in the 3-mile trade area.
  • No new planned or under construction facilities within 4 miles of the subject property.
  • Direct visibility from 22nd Ave N and 34th N with traffic counts of over 34,000 VPD each.
  • Institutional caliber Class A asset, with physical occupancy at 84.5%.
  • Positive occupancy growth of 60% in the trailing 12-month period.
  • Opportunity to increase rental rates to market by 8% during lease-up.
  • Average unit size under 103 NRSF optimizes property’s achievable rent per foot.

Address

1855 32nd Street North, St Petersburg, FL 33713

Price

TBD by Market

Pro Forma NOI

$839,689

Net Rentable Square Feet
62,810 NRSF
Lot Size

1.99

Unit Count
607
Year Built
2019
Status

Active

Location

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