Grandstone Investment Sales is pleased to exclusively present for sale this newly constructed, Class A self-storage facility located in Orlando, FL. Delivered in 2023, the three-story property comprises 67,875 rentable square feet across 701 climate-controlled units and 15 non-climate-controlled units, offering tenants modern amenities including keyless access, contactless renting, and professional on-site management.
Strategically positioned along East Colonial Drive (SR 50), the property benefits from excellent visibility with traffic counts exceeding 39,500 vehicles per day. The site sits on 1.42 acres in Orange County, just minutes from the University of Central Florida, and is surrounded by dense residential growth and strong retail demand drivers, including numerous new multifamily developments in the pipeline.
The facility is currently 80.6% physically occupied and 37.69% economically occupied, providing investors with significant upside through lease-up and revenue management. Supported by robust demographics, the trade area boasts 95,000 residents within 3 miles and 184,000 residents within 5 miles, with median household incomes of $81,960 and $85,213, respectively. Population growth is projected to outpace national averages, with a 10%+ increase within 5 miles by 2030.
With Orlando ranking among the fastest-growing metros in the U.S. and limited new supply in the immediate corridor, this property offers investors a unique opportunity to acquire a best-in-class, lease-up asset in a supply-constrained market with long-term upside potential.
INVESTMENT
HIGHLIGHTS
- Purchase Price: $13,900,000
- Price P/SF: $204.78
- Physical Occupancy: 80.6%
- Economic Occupancy: 37.69%
- NRSF: 67,875 SF
- Total Units: 716 701 Climate-Controlled /
15 Non-Climate-Controlled - Acreage: 1.42 acres
- Traffic Counts: 39,500+ vehicles per day on East Colonial Drive
- Demographics (3-mile radius): 95,000 residents | $81,960 median household income
- Demographics (5-mile radius): 184,000 residents | $85,213 median household income
- Projected Growth: 10%+ increase in population within 5 miles by 2030
- Surroundings: Dense residential area with over 5,000 new multifamily developments
