investment highlights
- UPSIDE POTENTIAL // Significant upside lies in stabilizing the facility to market occupancy, which currently exceeds 90 percent in the trade area. Additional revenue can be unlocked by integrating the asset into a broader management platform with regional scale across Central Florida, and through ECRI optimization to enhance operational efficiency and pricing power.
- EXPANSION POTENTIAL // An existing pad within the facility’s perimeter offers a clear path for expansion—whether through additional storage buildings or by adding canopy structures to the surface parking area. Surface parking for a 12×45 space averages $116 per month while covered/canopy parking averages $215 with limited supply across the trade area.
- ATTRACTIVE LAYOUT & DESIGN // The facility offers full ground-level access and a highly desirable unit mix: climate-controlled interior units, non-climate drive-up units, high-door drive-up units, and expansive surface parking for boats and RVs. This configuration directly serves the local demographic, where smaller average home sizes and HOA restrictions on exterior parking drive demand for off-site storage.
- STRONG LOCATION // Strategically located just off SR 37 (N Church Avenue)—the primary north-south arterial connecting Lakeland and Mulberry—the facility benefits from over 25,000 vehicles per day. It sits within a high-growth suburban pocket encompassing 72,000 residents, 27,000 households, and a projected 6.4 percent population increase over the next five years within a five-mile radius.
- WELL MAINTAINED // Originally constructed in 2007 and expanded in 2019, the facility has been meticulously maintained, minimizing near-term capital requirements and offering a turnkey opportunity for the next investor.
property summary
ClearHome Self Storage is an 810-unit, institutional-grade self-storage facility totaling 89,875 net rentable square feet, strategically located in Mulberry, Florida—an emerging submarket within the Lakeland–Winter Haven MSA. Situated on approximately 13.30 acres, the facility was originally constructed in 2007 and expanded in 2019. It comprises eight single-story buildings, including 669 storage units with metal roll-up doors, 141 surface parking spaces, and offers a highly functional layout with full ground-level access and a diversified unit mix. This includes climate-controlled interior units, non-climate drive-up units, high-door drive-up units, and expansive surface parking for boats and RVs—an ideal configuration for the local demographic, where smaller average home sizes and HOA restrictions drive off-site storage demand.
The property features a comprehensive amenity package, including gated access with digital keypad entry, a dedicated onsite management office with a two-bedroom/two-bathroom 1,800-square-foot apartment overhead, asphalt driveways, sprinkler system throughout, LED lighting, wrought iron perimeter fencing, and 24/7 video surveillance. These attributes contribute to a secure, well-maintained operating environment and minimize near-term capital expenditure requirements for incoming ownership.
ClearHome Self Storage is positioned along SR 37 (N Church Avenue), the primary north-south arterial connecting Lakeland and Mulberry, with over 25,000 vehicles passing daily. The facility benefits from proximity to major retailers such as Walmart and McDonald’s, adjacency to the local USPS, and convenient access to surrounding residential communities including Bridgeport Lakes, a new 700-unit master planned single family home community that is only 35 percent complete. The five-mile trade area encompasses approximately 73,000 residents and 27,000 households, with average household incomes exceeding $102,000 and a projected population growth of 6.4 percent over the next five years—supporting sustained demand and long-term asset performance.
Currently operating below market occupancy, ClearHome presents a clear path to revenue growth through stabilization, with trade area occupancy exceeding 88 percent. Additional upside can be realized through integration into a broader management platform with regional scale, implementation of ECRI optimization strategies, and expansion on an existing pad within the facility’s perimeter. This expansion opportunity allows for the development of additional storage buildings or canopy structures over the surface parking area, further enhancing income and asset value.
