- Flexibility to Purchase at CofO or as Entitled Land with Permits
- Excellent Location at the Intersection of the 408 Expressway and Chickasaw Avenue
- Dynamic Retail Corridor just North of a Walmart and Publix Anchored Shopping Center
- Excellent Density with 109,868 Residents and 41,553 Households Within Three Miles
- Average Market Occupancy of 90% on Existing Competitors within the Three-Mile Trade Area
- Will Be the Only Class “A” Facility on the Trade Area Once Completed
Chickasaw Self Storage in Orlando, Florida is being offered for sale with the flexibility to purchase a fully completed facility at certificate of occupancy or as an entitled land play with permits. Construction is set to start in Sept 2020 with an approximate delivery date of July 2021. Once completed, this state of art facility will feature 70,808 net rentable square feet of indoor climate controlled storage and 11,500 square feet of drive up non climate controlled space for a total of 81,858 net rentable square feet. The improvements will be situated on approximately 3.06 acres of land right at the intersection of Chickasaw Avenue and the 408 Expressway, a highly desirable location that boast 128,500 passing cars per day.
The development will feature a three-story climate-controlled building with a modern institutional quality leasing office and three smaller single-story drive-up buildings to the south. There will be elevated backlit signage on the top of the multi-story building that will be highly visible from both the 408 Expressway and Chickasaw Avenue. The facility features best in class amenities including, but not limited to, individual coded access, wide loading docks, two elevators, paved drives, a large modern leasing office, digital video surveillance throughout and perimeter fencing with gated access for security.
The subject is conveniently located six miles from downtown Orlando on the city’s east side. The immediate trade area is a desirable mix of mature single and multifamily homes as well as credit tenant retail. There is a Walmart and Publix’s anchored retail center less than a mile to south of the property as well as the Advent Health Orlando Medical Center to the immediate east. Self storage facilities in the area average 90 percent occupancy and are mostly 80’s and 90’s vintage construction. There’s an impressive 109,868 residents and 41,553 households with an average household income of $62,000 in a three-mile radius. The three-mile population has grown over 11 percent since 2010 and is projected to grow another four percent by 2024.
Chickasaw Self Storage presents an investor with an excellent opportunity to acquire a best-in class facility in an infill location from one of the area’s most successful merchant builders. Once online, this state of the art facility will allow an investor to corner the upper tier of the market in a trade area with limited competition.