Absolute Storage – Mary Esther (Destin), FL

Property Location

300 Mary Esther Blvd, Suite 108
Mary Esther, FL 32569

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investment highlights

  • Excellent Lease Up Trend // Since opening in July of 2020 the property has leased ahead of schedule at 4.2 percent on an average monthly unit basis and 3.4 percent on a total square footage basis. As of April 30th, 2021 the facility was sitting at 42 percent (unit basis) and 34 percent (total square footage basis) respectively with a favorable start to May.
  • Highly Trafficked Corridor // The facility is located in Mary Esther’s primary retail corridor in a converted big box in the Santa Rosa Mall. This highly trafficked corridor sees over 25K cars per day along Mary Esther Boulevard and is surrounded by national retailers, hotels and fast casual dining.
  • High Utilization Submarket // The Emerald Coast is a major tourist destination with over 4.5M visitors a year fueling the local economy and boosting demand for self storage. In addition, the facility is located 1.5 miles from Hurlburt Field, a military base that employs and houses over 28K active duty, reserve and military contractors as well as their families.
  • High Rental Rate Trade Area // The three-miles trade area boast a $1.84 weighted rental rate average and high physical occupancy.

Broker Information

Adam Schlosser

Senior Vice President

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

Charles "Chico" LeClaire

Executive Managing Director

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

Ryan Nee

Florida Broker of Record

Phone: 954.245.3400
Email: ryan.nee@marcusmillichap.com
License: BK3154667

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Contact The LeClaire-Schlosser Group