2625 Flight Safety Dr, Vero Beach, FL 32960
2 Specialty Properties Offered at $6,800,000 in Vero Beach, FL
Asking Price $6,800,000
- Property Type
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Specialty
Listing Contacts
- Property Info
Property Overview
Call for Offers Due: Tuesday, August 15, 2023
Aero Treasure Coast Storage is strategically located at the Vero Beach Regional Airport near downtown Vero Beach, with close proximity to the West Vero Corridor, US-1 and I-95.
Aero Treasure Coast Storage includes two non-contiguous storage properties built on long-term land leases, owned by Vero Beach Regional Airport. Both leases renewed in June 2022 for an additional 30 years with 2 additional 10 year extensions, totaling 50 years. The original site at 3000 Aviation Blvd. was built in 1990, followed by the second site at 2625 Flight Safety Drive in 1999. Both facilities combined house a total of 632 storage units (341 of which are climate controlled) plus 18 boat/RV spaces totaling 63,300 of rentable SF. The facility is 96% occupied, indicating a strong market and opportunity to raise rates.
Aero Treasure Coast Storage is strategically located at the Vero Beach Regional Airport near downtown Vero Beach, with close proximity to the West Vero Corridor, US-1 and I-95.
Aero Treasure Coast Storage includes two non-contiguous storage properties built on long-term land leases, owned by Vero Beach Regional Airport. Both leases renewed in June 2022 for an additional 30 years with 2 additional 10 year extensions, totaling 50 years. The original site at 3000 Aviation Blvd. was built in 1990, followed by the second site at 2625 Flight Safety Drive in 1999. Both facilities combined house a total of 632 storage units (341 of which are climate controlled) plus 18 boat/RV spaces totaling 63,300 of rentable SF. The facility is 96% occupied, indicating a strong market and opportunity to raise rates.
Highlights
- 633 storage units (341 climate controlled) + 17 boat/RV spaces
- Close proximity to City connectors such as US-1, I-95, and the West Vero Corridor
- Fenced and well-lit with security cameras
- Subject to a new 50 year (6/2022) land lease from the Vero Beach Regional Airport
- June 2023 Occupancy: Area - 97.4%, Unit - 96.3%, Economic - 93.6%
- Value-add with 13 complimentary units and below market rents
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