Deal Highlights
• Iconic, Class A self storage facility with trophy visibility directly on I-95 in Downtown Miami, capturing nearly 200,000 vehicles per day and serving one of the densest, highest-growth urban corridors in the Southeast
• Year 2 underwriting incorporates a conservative 6% push to market rates, drawing tenants from higher-priced submarkets beyond the 5-mile radius and supporting meaningful revenue growth
• Extremely favorable supply-demand dynamics with only 7.95 square feet of storage per capita within 3 miles and 6.83 within 5 miles, well below typical saturation levels for a premier urban infill trade area
• Exceptional 1-mile population growth of 3.67%, with sustained expansion of 2.08% and 1.28% within 3 and 5 miles, respectively, underpinning long-term demand
• Strong demographic profile with 33,345 residents within 1 mile, 317,564 within 3 miles, and 605,254 within 5 miles, supported by 1-mile population growth of 3.67% and continued expansion of 2.08% and 1.28% in the 3- and 5-mile rings
• New self storage in the City of Miami can only be approved on scarce D1/D2 industrial land and must secure a Warrant and Urban Development Review Board approval, a 1218 month discretionary process with stringent design and operational requirements
• A 2,500-foot separation rule from any existing or approved storage facility, combined with competing multifamily demand for D1/D2 sites and outright self storage bans in nearby municipalities, creates a highly constrained and difficult-to-replicate competitive landscape around the subject property
*Lead broker information is located within the offering memorandum.
Listed By: SkyView Advisors, LLC. FL RE Lic # CQ1047426
