Land - Self Storage
Land Offering in Homestead
SW 162nd Avenue & 312th Street
Homestead, FL 33303

• Proposed Class "A" Self Storage Site; 2.0 Acres (MOL)
• Fully Permitted Land , Proposed 75,000 Net Rentable SF
• Over $1,300,000 of Proposed Rental Income
• $8,625,000 Proposed Value at CO
• $9,750,000 Proposed Value at Stabilization

• 33,000 Cars Per Day on SW 312th Street
• Over 70,000 People and 21,000 Households Within a 3 Mile Radius
• 3.51 SF Available Per Person on a 3 Mile Radius

This land offering is located on SW 312th Street in Homestead, Broward County, Florida and has traffic counts that exceed 33,000 cars per day. Listed at $2,500,000, the offering includes approximately 2 acres and 100,000 buildable square feet, of which 75% of the gross square feet will be net rentable.  Currently the site has 4 acres and a sale is subject to platting 2 acres for the self storage development.

This vacant land opportunity is surrounded by great area demographics. Within a three-mile radius of our subject property, resident counts exceed over 70,000 and over 21,000 households.  Of this group, approximately 45% are renters, which is a healthy indication of a need for self storage. 

At list price, an investor has the opportunity to develop a Class "A" self storage site that is projected to generate over $1,300,000 in effective gross income.  The proposed value of the completed self storage product at C.O. is $8,625,000, and $9,750,000 once attaining stabilization.  For details of construction costs and developer's returns, please see Section 3 "Development Analysis." This analysis demonstrates how a developer can achieve returns over 20% on their equity when buying the land at list price.