Asking Price Contact for pricing
Sq. Footage 45,759
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1955

Property Description

Location -

The property is situated along the south side of NW 79th Street, between NW 2nd Court and NW 2nd Avenue in Miami, Miami-Dade County, Florida. The location is approximately 0.30 miles east of I-95.


Acres –

Total – +/- 1.11 acres (48,435 square feet); Storage – +/- 0.88 acres (38,235 square feet); +/- 0.23 acres (10,200 square feet).


Frontage -

+/- 250 feet along the south side of NW 79th Street


Traffic Count -

+/- 36,000 cars per day


Utilities -

Water and sewer services are provided by Miami-Dade County. Stormwater infrastructure is maintained by the City of Miami. Electric service is provided by Florida Power and Light.


Year Built -

The building was originally constructed in the 1950’s and was converted to self storage in 2003.


Construction Detail -

The facility is comprised of a single one-story building. The foundation is concrete slab on grade. The supporting structure is steel framing supporting concrete block construction. The roof deck is 4" thick fiber reinforced concrete with a single ply membrane on top.


Apartment –

There is no apartment at the facility.

Office - The facility has a retail oriented customer service office which is approximately 500 square feet in size. 


Climate controlled –

The self storage facility is 100% climate controlled.


Features and Amenities -

The facility has electronic access control, secure fencing (parking site), 24-hour video surveillance, climate controlled units and a retail oriented customer service office which sells packing and shipping supplies.


Personnel -

The site operates on a 100 hour per week schedule with a full-time general manager and property manager and a part time janitor/maintenance person.


Software -

The facility uses Centershift/Yarid management software. 


Security –

The facility is equipped with a 24-hour vides surveillance system which includes 24 cameras, two DVRs and three monitors.


Operation Hours – Office -

Monday through Saturday – 8:30 am to 5:30 pm; Sunday - 10:00 pm to 4:00 pm. Access - Monday through Saturday – 8:30 am to 5:30 pm; Sunday - 10:00 pm to 4:00 pm.

Investment Highlights

  • Offering Price - Unpriced
  • Rentable square feet – 37,242
  • Effective rental rate/SF - Climate Controlled-$23.74
  • Number of units - 636
  • Current Occupancy - Economic-72% / Physical-86%
Stephen Mellon
Stephen Mellon
Managing Director, Captl Mkts
Brian Somoza
Brian Somoza
Managing Director, Captl Mkts
Licensed in
01510519

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