The Cushman & Wakefield Self Storage Advisory Group has been retained to offer for sale a value-add self storage facility located in Port St. Lucie, Florida.

This offering presents investors with the opportunity to acquire a well-located, income-producing self storage asset in the Treasure Coast region of Southeast Florida. The property includes a primary facility at 7680 South US Highway 1 in Port St. Lucie, with an annex location at 5801 South US Highway 1 in Fort Pierce. Together, the two locations comprise approximately 71,494 rentable square feet across 822 units. The primary facility was constructed in 2001 and totals 54,775 rentable square feet across 563 units on a 3.4-acre parcel. The annex, also built in 2001, adds 16,719 rentable square feet and 259 units on a 2.1-acre parcel. Both locations benefit from direct frontage along South US Highway 1, a major north-south corridor that provides strong visibility and accessibility.

The two sites are currently operated separately, but they could be managed as a single store. The annex location in Fort Pierce is located approximately 10 minutes north of the primary facility, allowing for operational efficiency and the potential to consolidate management under a single platform.

Altogether, the properties are currently 81% physically occupied with in-place rents averaging $20.48 per square foot. In addition to occupancy upside, the locations offer near-term revenue growth through ECRIs to bring existing customers to market rates. The Fort Pierce asset can also be expanded—preliminary development plans call for a 40,000 GSF two-story addition at the rear of the property, subject to municipal approvals.

St. Lucie County, home to both Port St. Lucie and Fort Pierce, is one of the fastest-growing regions in Florida, strategically located between Central and South Florida along the Treasure Coast. The area has experienced sustained population growth, with over 330,000 residents countywide and projections indicating continued expansion through the end of the decade. According to the St. Lucie County EDC’s 2024 Mid-Year Report, the local economy is being driven by growth in aviation, logistics, life sciences, and advanced manufacturing, supported by a labor force participation rate that has increased to 55.3% over the past five years. The region benefits from a favorable business climate, a growing base of retirees and remote workers, and significant residential development activity. The subject property is well-positioned along a major commercial corridor that connects the two cities and supports a mix of residential, retail, and service-based demand. These factors reinforce long-term demand for self storage in this corridor.