Ave Maria Storage Opportunity

49,700 NRSF | 368 Units | Ave Maria, FL

Closed

Call for Offers:

February 9, 5:00 PM

INVESTMENT OVERVIEW

The Ave Maria Storage Opportunity is a Class A, institutional quality self-storage facility, consisting of 41,390 NRSF with an additional 8,310 NRSF of covered parking. Included is a mix of 301 fully climate-controlled units, 43 drive-up units, and 24 covered parking spaces with unit sizes ranging from 25-360 SF. The facility is prominently located along the main thoroughfare with the community of Ave Maria, and just South of Ave Maria University. The Ave Maria Storage Opportunity has witnessed an extremely strong leasing period since opening, and currently sustains a strong physical occupancy of 87%, along with a 64% economic occupancy, which is indicative of the strong demand within this flourishing and supply constricted submarket.

Located within the exclusive 6,000 acre community of Ave Maria, approximately 20 miles East of Naples, this impeccably maintained asset offers new ownership the extremely rare opportunity to acquire a facility and incredibly favorable supply dynamic, as there is zero competition within 20 miles, and is the only facility serving Ave Maria, Immokalee and the nearby planned community of Orangetree. Further, this opportunity includes a nearly insurmountable barrier to entry as the current ownership entity controls all the land within Ave Maria, effectively barring future self storage development.

A new operator will have the opportunity to significantly increase cash flow through the lease- up phase in this supply constrained market and will have the ability to optimize rental rates into the future as the sole provider of Self Storage within the community.

Facility Summary

Property Name:                 Ave Maria Storage Opportunity

Address:                            5320 Useppa Dr, Ave Maria, FL 34142

County:                             Colliers

Total Land Area:               3.35 Acres +/-

Total NRSF:                         49,700 NRSF (41,930 NRSF Self Storage | 8,310 Covered Parking)

Total Units:                        368

Climate Units:                   301

Non-Climate Units:           43

Unit Sizes:                            25-360 SF

Physical Occupancy:          87%

Economic Occupancy:       64%

Buildings:                            2 Single Story Buildings, 1 Covered RV

Investment Highlights

  • 41,390 NRSF + 8,310 NRSF Covered Parking | 368 Units
  • Class A, Institutional Quality Asset
  • Extremely Favorable supply conditions with zero competitors within 15 miles
  • Sole Self Storage Option for Ave Maria, Immokalee, and Orangetree.
  • Current ownership controls nearly all the land within Ave Maria, making future development incredibly difficult.
  • Significant opportunity to capitalize on existing and incoming housing communities within the immediate trade area.
  • 5- mile median and average household income of $83,390 and $95,138
  • Expected population rate increase of 2.65% annually from 2020-2025.