The Cushman & Wakefield Self-Storage Advisory Group has been retained as exclusive advisor to offer for sale Extra Space Storage (Managed), a Class-A self-storage facility located on the State Road 7 (US-441) corridor in Hollywood, Broward County, Florida — one of the densest infill submarkets in South Florida.

The property sits on 4.6 acres at 500 South State Road 7. The property currently totals 90,060 NRSF across 895 units, together with 14,600 SF of total parking (200 SF covered, 14,400 SF uncovered, 47 total parking spaces). The property is primarily climate-controlled – 519 main floor units, 240 elevator access units and 21 climate-controlled drive-up units – while being complimented with 68 traditional drive-up units, and 47 parking spaces (1 covered, 46 uncovered). Additionally, the original building’s office space is in the process of being converted, providing an additional 960 NRSF across six climate controlled main floor units. This variety of storage solutions captures the wide array of demands of the surrounding consumer base. As of the end of August, 2026, the property was 90% occupied on a square foot basis, with average in-place storage rents averaging $23.67/ SF annually. The climate-controlled majority of the property was 90% occupied with in-place rents averaging $24.66/SF annually. With the rents in the market averaging $28 - $29/PSF annually, the property has a clear path to revenue upside through continued ECRI strategies.

The foundation that the growth story stands on is the accelerated momentum the property has experienced. After delivery of the property’s recent expansion in July of 2025, adding an additional ~47.5k of NRSF, the property has since leased up an additional 46,255 SF (approximately 97% of the expansion square footage). This has resulted in monthly NRI increasing by over 61% year over year, without taking a material hit to their in-place rents in the same timeframe. This accelerated lease-up of the expansion demonstrates the high demand and the long-term support of the market rents within this submarket.

Hollywood is a dense, built-out coastal Broward County trade area with deep and durable storage demand. The three-mile trade area contains 192,025 residents and 68,798 households, with an average household income of $98,371, an average household size of 2.77 persons, and roughly one-third of housing stock renter-occupied — the demographic profile that drives the highest self storage usage rates. The site fronts State Road 7 (US-441), one of Broward County’s primary north-south commercial arteries, providing visibility and access across Hollywood, West Park, Pembroke Park and Hallandale Beach. Within the competitive set, the majority of product is older, first-generation, and single-story, leaving the subject’s multi-story climate-controlled offering positioned at the top of the market on product quality.

In summary, Extra Space Hollywood offers investors a stabilized, institutionally managed, predominantly climate-controlled asset in an irreplaceable infill South Florida location, with clearly identifiable near-term growth from the closing of the economic-to-physical occupancy gap, achieved rents that remain meaningfully below market, and an ancillary parking component that further diversifies the income stream.