Melbourne, FL MSA C/O Self-Storage Opportunity

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Deal Highlights

All Site Visits Must be Scheduled Through SkyView Advisors

• Opportunity to Acquire a Brand-New, Class-A Self-Storage Facility Upon Certificate of Occupancy
• Three-Story Property Projected to be Delivered in February 2023 with Construction Starting in April 2022
• Upon Stabilization, an Investor Can Raise Rental Rates by 32 Percent to Reach Market Levels
• Expansion Opportunity of up to 43,000 Net Rentable Square Feet
• No Competitors Exist Within 1.5 Miles of the Site, Allowing for a Strong Market Footprint
• No Planned, Perspective or Facilities Under Construction Within 1.5 Miles
• Very Strong Population Growth of 1.5 Percent in Five Miles of Neighborhoods Around the Facility
• Ideally Situated Directly on Malabar Road, Serving as the Facility’s Access Point, and Surrounded by Residential Housing and National Retailers
• Dense Market With Over 146,000 People in a Five-Mile Radius
• Palm Bay is a Principal City of the High-Growth Palm Bay-Melbourne-Titusville, Florida Metro Area

Address

920 Malabar Rd Palm Bay, FL 32907

Price

TBD by Market

Pro Forma NOI

$1,053,839

Net Rentable Square Feet
73,300 NRSF
Lot Size

4.93

Unit Count
612
Year Built
See OM*
Status

Active

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