Grandstone Investment Sales is pleased to exclusively present for sale LifeStorage in Middleburg, FL. This Class A, multi-story facility features 627 climate-controlled units totaling 69,650 net rentable square feet. Located just 19 miles from downtown Jacksonville, the property has experienced incredible lease-up velocity, achieving 74% occupancy within 17 months. The facility benefits from excellent street visibility along Branan Field Road, with a daily traffic count of nearly 12,000 vehicles. Additionally, the facility is situated in a strong demographic area with a population of nearly 100,000 within a five-mile radius. The population has grown by 49% over the past 23 years and is projected to continue growing. Furthermore, the facility is positioned amidst numerous multi-family development projects, enhancing its potential for continued success.
INVESTMENT
HIGHLIGHTS
• Jacksonville MSA Class Multi-Story Facility
627 CC Units – 69,650 NRSF
• Facility is experiencing tremendous lease up velocity –
Opened in May of 2023 and now 74% Occupied.
• Tremendous Growth – 49% Population in growth in 23 years,
with continued expected growth.
• Several Multi-Family projects in the pipeline – 750+/- Multifamily Units
• Just under 100K people in the 5 mile radius with median income of $91K.
