Grandstone Investment Sales is pleased to present Ace’s Self Storage, a well-established self-storage facility located along Palm Beach Boulevard in Fort Myers, Florida, a core coastal market supported by long-term population growth and a diversified employment base. The property benefits from strong visibility and convenient access along a primary east–west corridor, serving both residential neighborhoods and commercial users throughout the trade area.
The property features a diversified unit mix with a meaningful climate-controlled component, allowing ownership to serve a broad customer base while maintaining pricing flexibility across unit sizes. Historical performance demonstrates the asset’s ability to operate at high occupancy levels, and current operations indicate additional opportunity through improved revenue management, tenant insurance adoption, and continued optimization of existing unit rates.
Ace’s Self Storage benefits from its location within a dense, infill submarket of Fort Myers, where existing storage supply is limited and new development is constrained by zoning, land availability, and rising construction costs. The surrounding trade area is characterized by steady household growth, increasing incomes, and a strong renter profile, all of which support sustained demand for self-storage. Nearby facilities include a mix of older product and newly delivered institutional assets, positioning Ace’s to capture demand from both value-oriented and convenience-driven customers.
INVESTMENT
HIGHLIGHTS
PRICING & VALUATION
- Price: $4,750,000
- In-place cap rate: 5.44%
- Price per rentable square foot: $202
PROPERTY OVERVIEW
- Net rentable square feet: 23,471 SF
- Total unit count: 211 units, including 18 outdoor parking spaces
- Five-mile population: 39,879
- Square feet per capita (five-mile radius): 6.91
OCCUPANCY & PERFORMANCE
- Current physical occupancy: approximately 91%
- Current economic occupancy: approximately 96%
- Historical occupancy has exceeded 95%
MARKET & LOCATION HIGHLIGHTS
- Infill Fort Myers location along Palm Beach Boulevard
- Strong visibility and accessibility from a major arterial corridor
- Coastal Florida market benefiting from population growth and in-migration
- Diverse employment base including healthcare, government, retail, and services
MANAGEMENT & OPERATIONAL UPSIDE
- Low-intensity operating profile with an efficient expense structure
- Scalable platform suitable for professional third-party or regional operators
- Future upside driven by lease-up, rate growth, and operational efficiencies
- No development or expansion required to achieve projected returns
