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16864 Old Cheney HwyOrlando, FL 32833
Lease-Up, Class-A Self-Storage Opportunity
Asset ClassSelf Storage
Rentable SF76,010
# Buildings: 3Square Feet: 76,010# Units: 552Access Data Room
Orlando, FL
overview of deal

Overview

The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer a new, state-of-the-art facility for sale in Orlando, FL.

 

This offering presents a unique opportunity to acquire a best-in-class self-storage project in the rapidly growing Bithlo suburban area on the east side of Orlando. The Property comprises 76,010 rentable square feet across a mix of 552 climate-controlled ground-floor and drive-up units—a rare feature in today’s market where multistory climate-controlled facilities is becoming the norm for new development.

 

The Property opened in April 2024, and as of January 2025, achieved 42% square foot occupancy. Asking rents currently average $17.50 within a 3-mile radius, with potential for growth as new inventory is absorbed, especially with no significant projects underway. This, combined with strong projected population growth and rising median household incomes, indicates promising future performance.

 

The Property is strategically positioned along Florida State Road 50, a major artery traversing Florida’s center through Orlando. With approximately 42,000 vehicles passing the facility daily, the Property enjoys excellent visibility, particularly in its growing Orlando location. Access to the Property is further facilitated by nearby highways, enhancing its appeal to potential investors.

 

This facility represents a unique opportunity to acquire a best-in-class lease-up asset in one of the nation’s fast-growing markets. The Property is expected to stabilize in approximately 3 years at projected rents north of $19 per occupied square foot. Investors are well-positioned to capture significant value by leasing the asset up because of the current differential between lease-up and stabilized cap rates.

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Investment Highlights

  • Prime Location: Strategically located along Florida State Road 50, with approximately 42,000 vehicles passing daily, ensuring excellent visibility and easy access from nearby highways in the rapidly growing Bithlo suburb on Orlando’s east side.
  • High Growth Market: Located in one of the nation’s fastest-growing markets, the property benefits from strong projected population growth and rising median household incomes, indicating promising future performance.
  • Strong Lease-Up Performance: The facility, which opened in April 2024, achieved 42% occupancy by January 2025, demonstrating robust demand in the area.
  • Upside: The Property is projected to stabilize in approximately three years with rents exceeding $19 per square foot, offering significant value for investors looking to capitalize on the differential between lease-up and stabilized cap rates.

 

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16864 Old Cheney HwyOrlando, FL 32833

Cushman and Wakefield Self-Storage Advisory Group

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Listing provided by Revere CRE