Museo Vault Storage

Location: Miami, FL
Type: Self Storage
Price: $20,000,000

SMC has provided a $20,000,000 ten-year fixed rate mortgage for the refinance of Museo Vault Storage, a 58,648 SF self-storage facility located in Miami, Florida. The Property was developed in 2008 and is designed to accommodate the storage needs of museums, art galleries, private collections, and family estates. The Property consists of 396 climate controlled storage units, 31 shelf storage units, 5 flat files, 5 art screens and 9 parking spaces. The Property offers additional storage related services, including local transport and installation, museum quality in-house packing and crating, domestic and international shipping, collection management, storage, transport insurance, and gallery services. The Property is located in the Wynwood Art District, approximately one mile north of the downtown Miami CBD. Wynwood is home to more than 70 galleries and museums as well as dozens of restaurants and bars. Within close proximity, there are numerous art museums that include the Perez Art Museum, Museum of Art & Design, and the Institute of Contemporary Art, to name a few.