Storage Masters

33,625 NRSF| 331 Units | Sorrento, FL (Orlando MSA)

Call for Offers: thursday, December 9th, 5:00 PM


Storage Masters is a value-add self storage facility consisting of 33,625 NRSF among 331 total units and is situated on 4.63 AC of land. Included is a mix of 191 non-climate units, 136 climate controlled units, and 4 parking spaces ranging from 25-200 SF, offering a diverse unit array to serve local customers. Of the non-climate units, Storage Masters currently has 58 interior units (34 10×10; 16 5×10 and 8 5×5) in the C Building (Middle Building) equipped and ready for climate control, with existing HVAC where the owner has not turned on the HVAC in several years, offering near immediate rental rate upside.

Storage Masters currently enjoys strong physical and economic occupancies of 97.6% and 93.4%, respectively. The facility offers new ownership multiple operational upsides, as current ownership has not raised asking or in place rents in several years, does not currently have a website and very limited ancillary income.  Included in the sale is an adjacent vacant parcel measuring roughly 2.38 acres, offering new ownership the added benefit of immediate expansion possibility, along with another small parcel just West of Mt. Plymouth Loop Rd. which is perfectly suited for truck rentals or outdoor parking.

Storage Masters benefits from an excellent location along Sorrento Ave. which is immediately linked to the new SR-46 Expressway linking Sorrento to Northern Orlando. The facility enjoys an excellent demographic profile with median household incomes exceeding $86,000 within a 5-Mile Radius and an excellent annual population growth of 2.03% within that same trade area. Additionally, the property has an excellent supply dynamic, with approximately 3.41 SF/Capita in a 5-mile radius, and only one competitor within the trade area. There are no known incoming projects that would impact the facility.

New Ownership will be able to immediately capitalize upon booming demand by increasing both asking and in-place rental rates, converting the interior non-climate area to climate control and expanding the facility on the vacant parcels.

Facility Summary

Address:            31725 Mt Plymouth Loop, Sorrento, FL
County:              Lake
Land Area:         4.63 AC +/-
NRSF:                   33,625
Units:                  331
Non-Climate Units: 191
Climate Units:   136
Parking:               4
Occupancy:        97.6% (Physical) | 93.4% Occupancy
Unit Sizes:          25-200 SF 
Access:                Keypad Gate Access, Security Cameras Throughout

Investment Highlights:

  • 33,625 NRSF | 331 Units
  • Excellent 5-Mile Supply dynamic of 3.41 SF/Capita (Yardi)
  • Expansion Capability
  • Immediate opportunity for expansion along with conversion of the interior non-climate portion to climate controlled by restarting HVAC system 
  • Outstanding  annual population growth of 2.03% and Median HH income of $86,000 within 5 miles (ESRI)

Get More Information


Meridian Storage Group (Broker), has been exclusively selected to market for sale "Storage Masters" (The Property)

Article I: The Property
In order to allow the Buyer to properly evaluate a possible acquisition or investment of Storage Masters (hereinafter known as the “Property”), the Broker will furnish the Buyer with confidential and proprietary information. The Buyer shows genuine interest in the Property and understands and acknowledges the sensitive nature of the confidential information.

Article II: Confidential Information
A. Definitions. “Confidential Information” refers to all technical, marketing, financial and other business information and material that is confidential and proprietary, whether in oral, written, electronic or other form, and all reports, notes, analyses, studies or other documents which contain or otherwise reflect any such information.
B. Return of Confidential Information. At the conclusion of any negotiation, agreement or transaction relating to the Property, upon termination of this Agreement or at the request of the Seller, the Buyer agrees to promptly return or destroy all Confidential Information without retaining any copies thereof or any notes relating thereto.

Article III: Disclosure
A. Non-Disclosure. The Buyer shall not use or disclose Confidential Information for any purpose other than evaluation in regard to a possible acquisition or investment or to any other person or business entity, nor shall the Buyer permit any third party (employees, officers, directors, agents, consultants or contractors) to do the same. The Buyer shall not and shall not permit any third party to disclose to any other person or business entity the fact that any discussion or negotiations are taking place with respect to the Property. All parties agree to keep potential transactions and the terms of this Agreement completely confidential.
B. Representatives. Confidential Information shall only be disclosed to the Buyer’s employees, officers, directors, agents, consultants or contractors who need to know such information solely in connection with business opportunities relating to the Property. All such representatives shall be informed by the Buyer of the confidential nature of the Information and shall be bound by the terms herein. By accepting the Confidential Information, Buyer acknowledges that they are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Meridian Storage Group must be compensated by Buyer, and agrees that it will not look to the Owner, the Owner’s Lender or Broker for any fees or commissions in connection with the sale of the Property as no fees or commissions are being offered.
C. Compelled Disclosure. Buyer may disclose Confidential Information only when acting in compliance with a civil investigative demand, valid court order or other legal obligation, provided that the Buyer notifies the Seller of any such request as promptly as feasible.

Article IV: Term
This Agreement and all the terms, conditions and provisions hereof shall survive for a period of one year from the date of the closing of any purchase, or investment agreement, whether the transaction is successful or unsuccessful, or if the Confidential Information becomes publicly available, whichever occurs first.

Article V: General Provisions
A. Entire Binding Agreement. This Agreement sets forth the entire understanding and agreement between the parties with respect to the subject matter hereof and supersedes all other oral or written representations and understandings. This Agreement may only be amended or modified by a writing signed in advance by the parties. This Agreement is binding upon the successors, assigns and legal representatives of the parties, and protects Confidential Information of any successors or assigns of the Seller.
B. Remedies. The Buyer understands and agrees that failure to perform any and all obligations hereunder, or failure to comply with any terms or conditions hereof, could cause the Seller irreparable harm for which monetary damages are not adequate compensation. Accordingly, the Seller shall be entitled to injunctive relief to specifically enforce the terms of this Agreement, in addition to any other remedies available to it at law or in equity.
C. Accuracy. Broker makes no representations or warranties with respect to the accuracy or completeness of the Confidential Information or otherwise under this Agreement, and hereby disclaims all implied warranties. Buyer agrees not to hold liable the Broker, nor any other representative arising from the use or disclosure of the Confidential Information.
D. Contact. Buyer shall not contact any of the Property’s employees, suppliers, customers or tenants, nor enter into any discussion with the above-mentioned, at the Property without the express written permission of the Seller.
E. Severability. If any provision of this Agreement is held to be illegal, invalid or unenforceable, such provision shall be eliminated or limited to the minimum extent such that the legality, validity and enforceability of the remaining provisions will not be affected or impaired.
F. Prevailing Party. If any litigation is brought by either party regarding the interpretation or enforcement of this Agreement, the prevailing party will recover from the other all costs, attorneys’ fees and other expenses incurred by the prevailing party.

IN WITNESS WHEREOF, the parties hereto understand and agree to the terms and conditions herein and have executed this Agreement as of the dates written below.