Miami FL MSA Self Storage
Miami FL MSA
Executive Summary
CBRE's Self Storage Advisory Group presents the investment opportunity of Miami FL MSA Self Storage, an attractive storage and retail facility located in the Miami MSA, the 12th largest GMP MSA economy and the 8th most populous metro in the country. The property's storage space consists of 776 units distributed across 60,975 net rentable square feet featuring interior climate controlled units along with valuable amenities which include on-site packing and moving supplies available for purchase, optional tenant insurance, short term monthly leases, online payment options and individual access codes. The facility is well-poised to take advantage of the increasing demand for self-storage in the area with a strong history of stable and consistent cash flow.
The facility's retail portion includes: Office Depot, Neptune Aquariums, United Help Community Services, Zoom Gaming, Avis/Budget Car Rental, American Dollar Pharmacy, Javier Puentes, P.A., Queen Spa, Unico, Westland Laundry, Exclusive Beauty Supplies, Juan E. Perez-Solar DDS. P.A., and Sherwin Williams. The Property has a large LED billboard sign visible from SR 826 from both southbound and northbound traffic. Properly used, this can be an additional source of revenue for potential buyers and is useful in maintaining occupancy levels for both the Retail and Storage aspect.
Miami FL MSA Self Storage is situated in a prime location northwest of Miami and Miami International Airport, the busiest airport in the U.S. and 9th busiest in the world. The facility boasts 231,000 vehicles per day passing by the property on FL-826 as well as 99.3% physical occupancy as of May 31, 2024. The region has great demographics, with 439,554 people within a 5-mile radius and the 3-5 mile average household income ranging from $77,675 to $89,396. The area is packed with multiple colleges and a high quantity of commercial sites that include mega warehouses and large manufacturing centers and distribution centers. It is located in a growing market with 18,927 future residential units planned within a 5-mile radius.
Broker of Record:
Morgan Windbiel
FL Lic. SL3503462
Investment Highlights
Team
Brokerage Team
CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.
With more than $7.3 billion in consideration and over 48 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.
