FORT LAUDERDALE, FL and CAPE CORAL, FL,
July 29, 2020 –- Native
Realty, the pioneering Fort Lauderdale-based
commercial real estate firm, is expanding to the west coast of Florida with the
exclusive listing of a Cape Coral self-storage portfolio, priced at $6.8
million.
 |
| Jaime Sturgis |
Firm CEO Jaime Sturgis and Native’s Dan
Ross are marketing the eight-property portfolio.
The listing is of unusually high demand in the current COVID
environment, as investors flock to the safety of Industrial/Flex investments.
Savvy investors covet self-storage assets because, when run efficiently, they
can produce strong income in any economic or real estate cycle.
This portfolio consists of 523 units totaling 79,052 square
feet across 5.24 acres. It features a wide range of units, creating
opportunities for flex/industrial uses beyond traditional self-storage.
Extensive recent capital improvements include new roofing
systems designed to withstand 140 miles per hour winds, hurricane-rated
overhead doors, an 87-camera cloud-based security system and new LED interior
and exterior lighting.
 |
| Dan Ross |
“Demand for industrial assets is at an all-time high, and
supply remains limited,” Sturgis said.
“The current COVID environment has only
increased demand, as many businesses and households choose to downsize and seek
storage space as a more cost-effective option.
"This
is a rare opportunity to acquire a stabilized portfolio, in an up-and-coming
city, with strong in-place cash flows, and an opportunity to value-add through
stabilization to further increase an investor’s return.
"The
properties are well maintained - with little deferred maintenance - and are
flexible in design, which allows them to pivot to more industrial/flex uses in
the future, creating multiple exit strategies.”
Cape Coral’s population has increased by 41% since 2000. It is
projected to grow by another 11.69% over the next five years.
Native Realty is headquartered at 719 NE Second Ave. in
Flagler Village.
CONTACT:
Eric Kalis
Vice President, BoardroomPR
O 954-370-8999
C 305-794-5123
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