The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale Tamarac Self Storage (Extra Space managed).

This offering presents a rare opportunity to acquire a best-in-class, institutional quality self-storage facility in the highly sought after Miami/Ft. Lauderdale, FL market. As it stands today, the facility totals 63,991 rentable square feet across 683 climate-controlled units. The store is currently being expanded to include an additional 8 units and 45 lockers across 1,202 rentable square feet (lockers have averaged 97% occupancy over the past 14 months). The facility will total 65,193 rentable square feet across 736 units upon completion of the value-add project.

The store opened in September 2022 and is currently 94% occupied (excluding the expansion SF). From February 2024 to February 2025, the store increased its in-place rent by over 13.0% from $23.28 to $25.85. Additionally, the Owner re-configured several units in Q4 2024 to optimize for better occupancy and rents. The operator is currently implementing aggressive ECRI’s with the current rents still well below other REIT managed stores in the trade area.

The store is located in the City of Tamarac in the Miami-Fort Lauderdale-West Palm Beach MSA. The South Florida area is home to approximately 6.1 million people and is a vibrant and diverse economic hub. Strategically located near major highways such as the Florida Turnpike and Interstate 95, the facility offers convenient access to the greater Miami and Fort Lauderdale areas, enhancing its appeal to a broad customer base. Tamarac has seen significant residential development, with approximately 2,500 units being delivered or in various construction phases in the last 5 years. The growing population in Tamarac is likely to drive increased demand for storage solutions. The project is located at the corner of Rock Island Road and Commercial Boulevard, benefiting from high visibility and accessibility, with an Annual Average Daily Traffic of over 31,000 and 70,500 vehicles passing by each day.

Note: The City of Tamarac enacted an ordinance banning new self storage facilities to protect limited land resources and support the growth of mix-use housing, commercial centers and employment hubs.