For Sale
$5,500,000

500 39Th StFort Pierce, FL 34947

Class A, 413-unit facility, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A self-storage facility, totaling 41,000 square feet across five single-story buildings, presents a compelling investment opportunity. Located on a 3.6-acre lot at 500 N 39th St, Fort Pierce, FL 34947, this property boasts 413 units with a 14-foot ceiling height. Currently vacant, the facility is projected to open January 15, 2025, and offers a pro-forma NOI of $500,000, translating to a 9.09% pro-forma capitalization rate. The asking price is $5,500,000, or $250 per square foot. Situated in a high-growth area of St. Lucie County, this property benefits from a strong demand for self-storage, fueled by the addition of over 4,000 new homes in nearby residential neighborhoods. Its strategic location also makes it the largest RV and boat storage facility in the area. The property is offered as an owner/user investment with a joint venture ownership structure. This is a rare opportunity to acquire a brand-new, modern self-storage facility in a thriving market. The property is not subject to a ground lease.

Highlights

  • $5,500,000 asking price for a Class A, 41,000 square foot self-storage facility.
  • 413 units in five, single-story buildings on a 3.6-acre lot, with 14-foot ceilings.
  • Projected 9.09% pro-forma cap rate, generating $500,000 pro-forma NOI.
  • Located in Fort Pierce, FL (34947), in a high-growth area near 4,000+ new homes and the largest RV/boat storage facility.
  • Vacant upon completion, projected for January 15, 2025; owner/user or joint venture investment opportunity.

Property Details for 500 39Th St

Property type
Self storage facilities
Square Feet
41,000 SF
Class
A
Year Built
2025
Buildings
5
Stories
1
Lot Size (sq. ft)
156,816 SF
Units
413

Location Insight

City
Fort Pierce
County
St. Lucie
State
Florida
Latitude
27.45298322221
Longitude
-80.36417900401
500 39Th St, Fort Pierce, Florida

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500 39Th St
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