The Cushman & Wakefield Self-Storage Advisory Group has been retained as exclusive advisors to offer for sale StorQuest Self-Storage in Gainesville, FL.

This opportunity presents a well-located, existing self-storage asset in one of North Central Florida’s most stable markets, benefiting from consistent population growth and a diversified local economy.

Located at 2160 NE 1st Blvd, the property sits on 4.0 acres and totals 43,055 net rentable square feet across 460 units, built in stages between 1981 and 1986. The facility is 100% non-climate controlled drive-up units, currently 79.2% physically occupied with meaningful embedded upside as the asset stabilizes toward market occupancy levels. In-place rent rates currently average $1.51, with weighted market rents approximately at $1.70 PSF, the property comes with a clear path to rental rate growth as the facility fills and burns off below-market leases.

The property benefits from an infill Gainesville location within 1.3 miles of comparable competitors, in a submarket where the 3-mile NRSF per capita of 6.53 sits below the national (6.75) averages for total supply.

Surrounded by a dense, growing population base of over 145,000 residents within 5 miles and proximate to major retail and commercial corridors, the trade area benefits from consistent self-storage demand drivers tied to residential turnover, household formation, and steady in-migration.

The property is situated in a well-established, centrally located Gainesville neighborhood just east of NE 15th Street, providing convenient access to the Gainesville Regional Airport and the surrounding commercial corridor along NE 23rd Avenue. The immediate trade area is characterized by a mix of established single-family neighborhoods and over 8,000 multifamily units recently delivered alongside neighborhood retail and dining destinations, supporting a steady base of local residential demand. This central positioning, combined with limited nearby land available for new self storage development, reinforces the property’s durability as an infill asset within its trade area.

The $5.4mm price point reflects $125 per NRSF and a ~5.2% going-in cap rate. An attractive basis with revenue upside in both lease-up and in rental rate optimization

Overall, this offering provides investors the opportunity to acquire a value-add, income-producing self-storage asset in a supply-constrained Gainesville submarket, with a path to stabilized occupancy and NOI growth at stabilization.