Extra Space Storage (Managed) – Miami, FL

Deal Highlights

• Institutional Deal: Phenomenal opportunity to acquire a Class A self-storage facility in a uniquely supply-constrained pocket within the center of Miami, located in an Opportunity Zone, and in one of the nation’s top MSAs and among the densest, fastest-growing cities in the Southeast

• Significant Revenue Upside: The property is physically stabilized and offers a clear path to drive rates 32% to meet the market

• Unique Supply-Demand Dynamics: The facility operates within a remarkably undersupplied trade area – particularly rare for metropolitan Florida and specifically Miami – as the only facility in the 1-mile radius and with less than 7.5 square feet per capita within the 3 and 5-mile radius, well below both national and Miami market averages

• Exceptional Location: Ideally positioned within an Opportunity Zone in the heart of one of the country’s top metropolitan areas, the property serves an exceptionally dense trade area within the city, with nearly 630,000 residents within the 5-mile radius

• Outstanding Visibility & Access: Strategic frontage along a heavily trafficked thoroughfare provides exceptional visibility and accessibility, benefiting from traffic counts of nearly 40,000 vehicles per day

• Exceptional Growth Drivers: The property is situated within one of South Florida’s strongest growth corridors, benefiting from accelerating population growth, unprecedented global investment, surging residential and commercial development, and a rapidly expanding economic base

• Long-Term Demand Fundamentals: Extraordinary population density, extremely limited competitive supply, limited notable future storage development (zero incoming projects in the 1 mile radius), and continued explosive economic and residential expansion throughout the trade area support strong self-storage demand and long-term occupancy stability