500 39Th StFort Pierce, FL 34947

Property Details for 500 39Th St

Year built

2025

Lot size

3.60 AC

Property size (Sq ft)

41,000 SF

Property type

Industrial properties

Property subtype

Self storage facilities

Description

This exceptional Class A self-storage facility, totaling 41,000 square feet across five single-story buildings, presents a compelling investment opportunity. Located on a 3.6-acre lot at 500 N 39th St, Fort Pierce, FL 34947, this property boasts 413 units with a 14-foot ceiling height. Currently vacant, the facility is projected to open January 15, 2025, and offers a pro-forma NOI of $500,000, translating to a 9.09% pro-forma capitalization rate. The asking price is $5,500,000, or $250 per square foot. Situated in a high-growth area of St. Lucie County, this property benefits from a strong demand for self-storage, fueled by the addition of over 4,000 new homes in nearby residential neighborhoods. Its strategic location also makes it the largest RV and boat storage facility in the area. The property is offered as an owner/user investment with a joint venture ownership structure. This is a rare opportunity to acquire a brand-new, modern self-storage facility in a thriving market. The property is not subject to a ground lease.

Location Insight

City

Fort Pierce

County

St. Lucie

State

Florida

Latitude

27.453

Longitude

-80.3642

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