Value Store It Fort Lauderdale

Location: Fort Lauderdale, FL
Type: Self Storage
Price: $7,100,000

SMC has provided a $7,100,000 ten-year fixed rate mortgage for the refinance of Value Store It Fort Lauderdale, a two-story self-storage storage facility located in Fort Lauderdale, Florida. The property is located one half of a mile east of Interstate 95, approximately 2 miles north of downtown Fort Lauderdale along Sunrise Boulevard (64,166 VPD). It was originally developed in 1983 as a showroom warehouse and was subsequently converted to self-storage in 2009. Today the property consists of 825 climate controlled storage units and 7 retail suites, which together total approximately 74,615 SF. The Property is approximately 81% occupied as of the twelve months ended July 2020.