10600 WEST STATE RD 84, DAVIE, FL | 231 SW 125TH AVE, PLANTATION, FL
LIST PRICE
Market Bid
TOTAL UNITS
2,025
NRSF
±207,497 SF
T-12 NOI
$1,832,207
10600 WEST STATE RD 84, DAVIE, FL
10600 WEST STATE RD 84, DAVIE, FL
10600 WEST STATE RD 84, DAVIE, FL
10600 WEST STATE RD 84, DAVIE, FL
10600 WEST STATE RD 84, DAVIE, FL
231 SW 125TH AVE, PLANTATION, FL
231 SW 125TH AVE, PLANTATION, FL
231 SW 125TH AVE, PLANTATION, FL
231 SW 125TH AVE, PLANTATION, FL
231 SW 125TH AVE, PLANTATION, FL
PORTFOLIO OVERVIEW
FACILITY NAME
More Space Storage Portfolio
ADDRESSES
10600 W State Rd 84, Davie, FL & 231 SW 125th Ave, Plantation, FL
NRSF
±207,497 SF
TOTAL NUMBER OF UNITS
2,025
CLIMATE CONTROLLED UNITS
1,896
NON-CLIMATE CONTROLLED UNITS
129
NUMBER OF BUILDINGS
6
YEARS BUILT
2020 & 2023
LOT SIZE (AC)
±6.64 AC
10600 WEST STATE RD 84, DAVIE, FL
231 SW 125TH AVE, PLANTATION, FL
INVESTMENT HIGHLIGHTS: DAVIE, FL
Recently built, Class A, 128,957 rentable square foot facility in South Florida approaching stabilization
Exceptional visibility from I-595 which sees over 139,000 vehicles per day
Strong lease up since Certificate of Occupancy in 2020
Very high barrier to entry sub-market with only 5.02 square feet per capita in a 3-mile radius (according to TractIQ)
Potential to expand with outdoor parking if you remove the above ground detention pond and switch to underground retention
Highly affluent population surrounding the asset - with average household incomes in a 1-mile radius above $130k and median household incomes above $96,000
Dense surrounding population with over 104,000 people living in a 3-mile radius and over 281,000 people living in a 5-mile radius
INVESTMENT HIGHLIGHTS: PLANTATION, FL
7-Story, Class A facility that was opened last year and has already leased over 59% of the units
All Nokē ONE Lock System throughout the entire facility across all 884 units
Unmatched visibility from I-585, which sees over 139,000 vehicles per day
Extremely affluent population surrounding the facility - with over $120,000 in average household income in a 3-mile radius
39 different housing developments in the pipeline within a 5-mile radius, amounting to over $4B in value
Very healthy supply levels - square feet per capita in a 3-mile radius is only 5.17 (according to TractIQ)
