Situated along Tamiami Trail, Naples Storage sits on approximately 13.77 acres and offers the future developer significant potential revenue. As currently designed, Phase 1 of the conversion would include 422 climate-controlled units totaling 50,704 RSF. In addition, there are approvals for 118 covered 12x40 Boat and RV Parking spaces which competitors currently lease for $375/month. There is approximately 13k SF of space for a 2nd Phase under roof, as well as other opportunities to expand the footprint of the existing structure.
Naples Big Cypress Marketplace was originally constructed in 2009. The facility is fully sprinklered, has 30+ security cameras in place, and had all HVAC units replaced within the last 12 months. Currently, an affiliated business is utilizing the structure as bulk storage space. This company can vacate the structure prior to a completed transaction, or preferably execute a short-term lease to consolidate into a smaller portion of the building. The lease would provide the purchaser with an immediate revenue stream while the self-storage conversion is taking place.