The Cushman & Wakefield Self-Storage Advisory Group has been exclusively retained to offer for sale a Class A self-storage facility located in Tallahassee, Florida.

This offering presents an opportunity to acquire an institutional-quality asset totaling approximately 69,690 rentable square feet comprised entirely of climate-controlled units, including 571 upper-level units and 92 ground-floor units. Delivered in 2023, the five-story facility features modern amenities including gated entry, video surveillance, elevator-served access, and a covered loading bay, positioning the Property competitively within the Northeast Tallahassee submarket.

As of May 17, 2026, the Property was operating at approximately 90% physical occupancy with in-place rents averaging approximately $20.04/SF annually. Ground-floor climate-controlled units were approximately 96% occupied, while upper-level units were approximately 89% occupied on a square-foot basis, demonstrating strong demand across the facility. Over the past year, management has intentionally prioritized rental rate growth over occupancy growth, successfully increasing blended in-place rents from just above $13/SF to more than $20/SF as of May 17, 2026. This strategy has driven meaningful revenue expansion while maintaining strong occupancy levels across the asset, highlighting both the strength of the submarket and the Property’s pricing power. Based on Cushman & Wakefield’s rental survey, the asset has the potential to achieve rental rates exceeding $25/SF over the next 24–36 months through continued revenue management optimization.

Strategically located within the Northeast Tallahassee corridor near Interstate 10 and Thomasville Road, the Property is positioned within one of the city’s most established and affluent suburban submarkets. Anchored by communities including Killearn Estates and Killearn Lakes, the area benefits from strong regional accessibility, proximity to major commuter corridors, and a concentration of higher-income residential neighborhoods that continue to support long-term self-storage demand.

The Property is positioned within the highly trafficked Northeast Tallahassee Market District retail corridor. Nearby national retailers and restaurants include Trader Joe’s, REI, TJ Maxx, HomeGoods, and multiple major grocery-anchored shopping destinations, generating strong daily traffic and consumer activity surrounding the asset. The submarket is widely recognized for its strong public schools, established housing stock, and median household incomes exceeding $90,000, positioning the corridor as one of Tallahassee’s most desirable long-term residential markets. Continued residential expansion and commercial reinvestment throughout the Thomasville Road and Bannerman Road corridors further reinforce the area’s long-term growth trajectory and durable demand fundamentals.