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Self Storage
Miami, FL
FVP Self Storage Development is an affiliate of Florida Value Partners focused on the development of self-storage facilities. FVP Self Storage acquires entitled land sites in under-supplied neighborhoods with strong demographics. In 2016, FVP broke ground on the Miami Airport Center and converted it into a self-storage facility. The property was an exceptionally well located property in Miami-Dade County that combined several warehouse folios including the abandoned former Sears distribution center in South Florida. FVP was successfully able to repurpose the industrial space into a functioning operations driven self storage facility. The center features about 120,000 SF of self-storage space and includes offices, truck rentals, virtual mailboxes, and conference room rentals for small businesses.
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PROPERTY INFORMATION
Location Miami-Dade, FL
Address 7500 NW 25th st
Property Type Flex Wearhouse
Description Self Storage Adaptive Reuse
Property Size 890 bays
Acquisition Date Apr-17
Investment Strategy Value Add / Repositioning
Total Capitalization $14m
Stabalization Date Aug-21
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