Miami Self Storage

Property Title

5713 NW 27th Avenue
Miami, FL 33142

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investment highlights

  • Potential to Add Over 200,000 SF of Additional Storage
  • Newly Renovated with New Roof and New HVAC
  • Population Within Three Miles is 238,405 with Total Housing Units Coming in at 82,822
  • Population Growth is Estimated at 5.95% by 2024
  • Access to the Property is from Northbound NW 27th Avenue
  • Located Close to the Miami International Airport and Major Industrial Sub-Market
  • Net Rentable Square Foot Per Capita is 5.17

property summary

27th Avenue Self Storage and Development– Miami is a newly completed 37,591 net rentable square foot facility with potential to add over 200,000 square feet vertically along the outside perimeter of the existing building. The first self storage phase was converted from an industrial use in late 2019 complete with a new roof, plumbing, wiring and seven air conditioning units. This project is turnkey ready to open its doors for business and is located in an Opportunity Zone.

The property features a larger professional leasing office, high grade metal partitions and doors as well as two large loading docks for easy access. The current build-out does not include any second level lockers, which are popular in the Miami market and would increase the square footage and future revenue. It is 100 percent air conditioned with 22-foot-high ceilings, perimeter fencing and 24-hour video surveillance.

The property is located on highly traveled 27th Avenue, less than four miles north of Miami International Airport, just outside of the newly proposed self storage building moratorium. This project affords the next developer time to lease up the existing phase with the flexibility to go vertical up to twelve stories if desired. Square foot per capita in the market is very favorable at a little over five in the three-mile trade area.  The traffic counts exceed 38,000 vehicles per daily on 27th Avenue. The commuter rail and bus line run directly in front of the property make this a well-traveled highly desirable location. With a current population of approximately 240,000 people within a five-miles radius and a projected growth rate of almost six percent in the next five years, there will be a large growing customer base for years to come.

Broker Information

Charles "Chico" LeClaire

Executive Managing Director

Phone: 303.328.2025
Email: cleclaire@marcusmillichap.com
License: CO EA00147681

Adam Schlosser

Senior Vice President

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

Ryan Nee

Broker of Record

Phone: 954.245.3450
Email: ryan.nee@marcusmillichap.com
License: BK3154667

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