Grandstone Investment Sales is pleased to exclusively present MyPlace Self Storage, a 960-unit, 116,815-square-foot Class B self-storage facility located on 11.26 acres along US-441 in Lake County, Florida. As of July 31, 2026, the property was 77.0% physically occupied and 65.8% economically occupied, with lease-up averaging approximately 10.6 net units per month following the 2025 indoor climate-controlled expansion and supporting a path toward 90% stabilized physical occupancy.
Monthly storage rental revenue has increased approximately 20.9% over the trailing twelve months, with additional upside as in-place rents remain below prevailing street rates. Underwritten NOI grows from $652,220 in-place to $929,080 in Year 1 and $1,281,909 by Year 5, increasing the cap rate on the $17.0 million asking price from 3.84% to 7.54%. The property also benefits from continued population and household growth, while the adjacent income-producing RV storage parcel provides long-term expansion optionality for a buyer willing to pursue future entitlements through Lake County.
INVESTMENT
HIGHLIGHTS
- LEASE-UP IN PROGRESS
Physical occupancy is 77.0%, with lease-up averaging 10.6 net units per month toward 90% stabilized occupancy. - 2025 EXPANSION
The facility’s 116,815 NRSF footprint includes a 31,825 NRSF indoor climate-controlled space completed as part of the 2025 expansion. Continued lease-up of the new product demonstrates proven storage demand and absorption within the Lake County submarket. - WIDE RENT GAP
Monthly storage rental revenue is up approximately 20.9% over the trailing twelve months, and in-place rents at $1.14/psf still trail street rates that are closer toa $1.30/psf, leaving room for a disciplined operator to capture further rate growth. - NOI GROWTH
Underwritten NOI rises from $652,220 in-place to $1.28 million by Year 5, increasing the cap rate on the $17.0 million asking price from 3.84% to 7.54%.
- US-441 FRONTAGE
The property fronts US-441, a key Lake County corridor connecting Mount Dora, Eustis and Tavares, offering strong visibility and traffic exposure. - MARKET & HOUSING GROWTH
Demand is supported by continued residential growth surrounding the property. Within five miles, population is projected to grow 6.9% and households 8.0% by 2030, while the three-mile area is projected to add 862 households. - EXPANSION OPPORTUNITY
Adjacent income-producing RV storage parcel offers longterm expansion potential, supported by strong lease-up of the 2025 climate-controlled expansion
