BUNNELL SELF STORAGE

2150 S Old Dixie Hwy, Bunnell, FL, 32110, US

Description

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer to qualified investors the opportunity to acquire this Cube Smart Self Storage facility(the “Property” or “Offering”),a newly built Class A Storage Facility located in the Bunnell MSA. The Property recently opened in 2024 and is comprised of a three-story climate controlled building drive-upbuilding totaling over approximately 67,800 NRSF and a single-story non-climate drive-upbuilding totaling over approximately 13,250 NRSF, totaling 81,050 NRSF and 723 total units. Immediately after development, ownership onboarded a REIT third-party manager to lease and manage the Property. A new owner would have the opportunity to immediately add value through continued leasing of the facility to physical stabilization. In addition, ECRIs will allow the new owner to further increase revenue after reaching physically stabilizing the Property. All-in-all, the Offering represents an excellent opportunity to acquire a well located, brand new Class A self storage facility in a growing Florida market at an attractive basis with large value-add upside.

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Attributes

Building area net

81,050 sf

Number of units

723

Year built

2024

Occupancy

35.7%

Call for offers

14/05/2026

Media

Investment Highlights

SIGNIFICANT REVENUE UPSIDE - While the property currently sits at 35.7% physical occupancy, there is significant opportunity to increase revenue through continued leasing up of the facility and timing of ECRI Revenue Management.
LIMITED COMPETITION IN A GROWING MARKET - With a growing population (third fastest county in Florida) and limited competing inventory, with under 165K existing square feet within a 5-mile radius, the property offers the opportunity to capture significant market share with a class-A asset inside an expanding market.
SOLID SURROUNDING DEMOGRAPHICS WITH LIMITED COMPETITION AND GROWTH - Located in Bunnell, Florida, this property is positioned in one of the state’s fastest-growing counties, benefiting from solid demographic fundamentals. Situated on Florida’s east coast between Gainesville and Ormond Beach, the market demonstrates exceptional growth potential with an annual population increase of 3.46%, average house hold income of $111,049, and favorable supply dynamics at just 6.40 units per capita.