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12535 Race Track RdTampa, FL 33626
Tampa Bay MSA Self-Storage Opportunity
Asset ClassSelf Storage
Call For Offers05/27/26
Year Built: 2025Square Feet: 69,045# Units: 653Access Data Room
Tampa MSA
overview of deal

Overview

The Cushman & Wakefield Self-Storage Advisory Group has been exclusively retained to offer for sale an institutional-quality Extra Space self-storage facility located in Tampa, Florida.

 

Delivered in 2025, the Property totals approximately 69,045 rentable square feet across 653 units. The facility is comprised primarily of climate-controlled units, including 607 upper and ground-floor units, complemented by 46 drive-up units. The asset features elevator-served access, gated entry, and video surveillance, positioning it competitively within the local market.

 

As of March 31, 2026, the Property was operating at approximately 86% physical occupancy with in-place rents of approximately $14.78/SF, presenting a clear opportunity to drive revenue through continued lease-up and pricing optimization. The unit mix is heavily weighted toward interior climate-controlled product, with ground-floor units approximately 94% occupied and upper-level units approximately 84% occupied on a square-foot basis. Drive-up units are approximately 87% occupied, demonstrating consistent demand across the asset.

 

Strategically located within the Tampa market, the Property benefits from strong accessibility to major transportation corridors and proximity to dense residential communities and employment centers. Tampa continues to rank among the top-performing Sunbelt markets, driven by robust in-migration, job growth across major sectors, and ongoing residential and commercial development. These factors, combined with Florida’s favorable tax environment and business-friendly climate, position the market for continued long-term growth and self-storage demand.

 

Overall, this offering provides investors with the opportunity to acquire a high-quality self-storage asset with demonstrated operating performance and embedded upside through revenue optimization, located within a high-growth and supply-supported Tampa submarket.

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Investment Highlights

  • High-Growth Tampa Submarket: Located within one of the fastest-growing metros in the U.S., supported by strong population in-migration, job growth, and favorable demographic trends
  • Institutional-Quality New Construction: 69,045 NRSF facility delivered in 2025 with 653 units, featuring 607 climate-controlled units and 46 drive-up units
  • Strong Lease-Up with Significant Mark-to-Market Opportunity: In-place rents average approximately $14.78/SF, with ground-floor climate-controlled units approaching $20/SF, highlighting significant runway to push rents to market.
  • Balanced Unit Mix with Proven Demand: Drive-up units are 87% occupied, supporting stable demand across both climate-controlled and non-climate segments
  • Dense & Affluent Trade Area: 145,000+ residents within a 5-mile radius supported by average household incomes above $90,000
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12535 Race Track RdTampa, FL 33626

Cushman and Wakefield Self-Storage Advisory Group

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