AVAILABLE
Orlando Self Storage
Orlando, Florida
Exclusively Listed By:
EquiCap Commercial in association with Parasell, Inc. (FL Broker of Record)
DEAL SUMMARY
List Price: $15,250,000
NRSF: 62,816
Units: 576
Acres: 3.57
INVESTMENT HIGHLIGHTS
PRIME LOCATION // Located in a densely populated market with car counts exceeding 21,800 vehicles per day on I-Drive.
EXCELLENT DEMOS // The 3 and 5-mile trade area boasts
42,701 and 139,179 people, respectively. According to
CoStar, 49 percent of the population are renters which is a
great demand driver for self storage. There are 46 apartment communities and approximately 15,800 apartment units within 3-miles.
FAVORABLE SUPPLY INDEX // There is only one competitor within 3 miles. The three-mile supply index is estimated to be 2.36 sq ft per capita. While the five-mile supply is only 5.94 sq ft per capita.
TOP OF CLASS FINISHES // Premium 3 story class “A”
construction and amenities, offering all climate-controlled
units, drive-thru tunnel access to climate-controlled units,
camera system, LED lighting, multiple access controlled entry points, and a spacious retail office.
EXPANSION OPPORTUNITY // Opportunity to expand directly to the south of the existing 3-story building, adding approximately 50,198 NRSF.
INVESTMENT SUMMARY
EquiCap Commercial in association with Parasell, Inc (FL Broker of Record), is pleased to offer for your
consideration, Orlando Self Storage, a top of class self storage facility that opened in June 2022.
Orlando Self Storage, located at 12611 International Drive, Orlando Florida offers 485 interior temperature controlled units and 44 temperature controlled drive thru units within 62,780 net rentable square feet. The facility sits on 3.8 acres which allows room to add a 120’ x 130’ multi-story building next to the existing 120’ x 260’ structure. Plans for the expansion have been drafted, although not approved by the city, and the proforma unit mix is illustrated in the Financial Overview Section (Unit Mix) of this Offering Memorandum.
Orlando Self Storage is packed with many best-in-class amenities such as a spacious & modern retail office, a drive-thru tunnel that houses 44 temperature controlled drive-up units, security cameras & controlled access for security, ADA accommodations, diamond plated elevators and more.
The facility can be expanded to add another ~50,100 net rentable square feet. Once this expansion is built and stabilized, the NOI is expected to increase over $1 million.