investment highlights
- RARE OPPORTUNITY IN HIGH GROWTH MARKET // Next investor has the opportunity to enter the fast-growing market of Fort Myers, Florida with this Class-A climate-controlled facility. Adding to the growth is a new retail development across the street featuring a brand new Walmart SuperCenter, Sam’s Club, and Chick-Fil-A.
- ROBUST MULTI-FAMILY SUPPLY PIPELINE // The facility is surrounded by 18 existing multifamily properties totaling 4,839 units with three more under construction which will add 944 additional units to the three-mile submarket. An additional ten properties in the planned or prospective phase will add another 3,044 units to the area.
- PRIME RETAIL LOCATION // The facility sees over 56,000 cars per day with frontage on Colonial Boulevard, the main artery between eastern Fort Myers and the city, while just off State Road 82, which sees over 39,000 cars daily. It is located half a mile from Publix grocery store and CVS, while being on the same retail strip as Wawa, Burger King, Hurricane Express Car Wash, and McDonald’s.
- STRONG DEMOGRAPHIC PROFILE // The three-mile trade area has a population of 42,534 and a median household income of $114,874. Additionally, the five-year population growth projection is excellent at 8.60 percent.
- LIMITED ONCOMING COMPETITION // There are no facilities within three miles of the subject property in the current construction pipeline. There are no projects on the board within three miles of the facility, providing the time it needs to stabilize both physical and economic occupancy.
property summary
Spacebox Storage is a 987-unit, 87,497 net rentable square foot self-storage facility located in Fort Myers, Florida. The property sits on around 2.09 acres of land with excellent visibility off Colonial Boulevard. It was initially constructed in October of 2023 and contains one three-story building with 246 ground-floor climate-controlled units and 741 elevator-access climate-controlled units.
Spacebox Storage has many amenities including entrances with digital keypads, a Class-A management office, 24/7 video surveillance throughout the facility, and two loading bays providing an easy customer experience no matter the rented unit.
The facility is well located on the east side of Fort Myers with excellent traffic from Colonial Boulevard with over 56,000 vehicles passing per day. There are about 4,000 multi-family units in the construction pipeline within three-miles of the facility, which speaks to the 8.60 percent growth the area is expecting over the next five years.
Lastly, the facility is in a great retail location, being on the same retail strip as Wawa, Burger King, Hurricane Express Car Wash, and McDonald’s while also near Publix Grocery Store, CVS, 7-Eleven, Chase Bank and Wells Fargo Bank.
