Extra Space Storage (3rd Party Managed)
9419 Moccasin Wallow Road, Parrish, FL 34219
Overview
Extra Space Storage (3rd Party Managed) is a 76,580 NRSF, featuring 356 Drive-Up Non Climate Controlled, 34 Interior Non Climate Controlled, 83 Interior Climate Controlled, and 124 Outdoor Parking units in total. Extra Space Storage (3rd Party Managed) offers a plethora of different unit sizes to fit a variety of different client needs.
Property Details
Highlights
Strong Physical Occupancy Rate - 98.3% physical occupancy, ensuring reliable cash flow and maximum returns for investors.
Demographic Advantage - Densely populated with 52,533 people and an average household income of $102,662 in a 5-mile radius.
Competitive Unit Pricing - Current pricing is 37% below market comparables (due to lease-up), providing a significant opportunity to increase rental rates over time.
Limited Supply - Supply stands at 6.88 NRSF per capita in the 5-mile radius of the property.
High Traffic around the Facility - The area experiences average annual daily traffic of more than 71,500.
Emerging Multi-Family Market - The development of 20,000+ new multi-family units within a 5-mile radius.
Expansion Potential - 105 parking spaces in the rear of the property-this expansion is in zoning with the township. Approved 3 story 300 x 150 ~125,000 GSF building at the front of the property.
Demographic Advantage - Densely populated with 52,533 people and an average household income of $102,662 in a 5-mile radius.
Competitive Unit Pricing - Current pricing is 37% below market comparables (due to lease-up), providing a significant opportunity to increase rental rates over time.
Limited Supply - Supply stands at 6.88 NRSF per capita in the 5-mile radius of the property.
High Traffic around the Facility - The area experiences average annual daily traffic of more than 71,500.
Emerging Multi-Family Market - The development of 20,000+ new multi-family units within a 5-mile radius.
Expansion Potential - 105 parking spaces in the rear of the property-this expansion is in zoning with the township. Approved 3 story 300 x 150 ~125,000 GSF building at the front of the property.
Location
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