Palmetto Storage is available as a passive investment opportunity at 2419 E 85th Street in Palmetto, Florida. Developed on 5.589 acres, the project is planned exclusively for self-storage. Upon full build-out, the property will comprise two buildings totaling approximately 84,000 square feet, with Phase I delivering approximately 45,000 net rentable square feet.
Offering a mix of climate-controlled and non-climate-controlled storage units, the property is designed to serve a broad customer base. Planned features include restricted floor access through a 24/7 technology-enabled entry system, floor-to-ceiling LED lighting throughout the facility, spacious drive aisles, and extra-wide interior hallways, supporting security and ease of access for tenants.
Construction of the Phase I facility began in August 2025 and continues to progress. One of the two planned buildings has been dried in and is nearing completion of vertical construction, while the second building is currently being framed. After the second building is dried in, work will shift to the concrete drive aisles. Construction is expected to be completed in the fourth quarter of 2026, with the facility anticipated to be operational before year-end.
The site is located approximately 40 miles southeast of Tampa and 14 miles north of Sarasota, with frontage adjacent to US Highway 41. According to FDOT traffic data, the US Highway 41 and 85th Street interchange sees approximately 19,800 vehicles per day (VPD), providing strong visibility for the property. The location also benefits from convenient access to Interstate 75 and Interstate 275, offering connectivity throughout the Greater Tampa Bay region and to Southwest Florida markets, including Port Charlotte, Punta Gorda, Fort Myers, and Naples. Sarasota-Bradenton International Airport is located approximately 25 minutes from the site.
In addition to the property's location and development progress, the sponsoring fund is currently providing a 12% fixed annual dividend to existing investors, presenting an opportunity for investors seeking passive exposure to the self-storage sector.