914-365-0752
2481 Malabar NW rd, Palm Bay, FL for Sale
Self-Storage Facilities - FOR SALE
1/6
null | Request Cap Rate

2481 Malabar NW rd
Palm Bay, FL 32907


HIGHLIGHTS

  • Subject Property is Adjacent to the Future Site of a Brand-new Publix, Currently Under Construction and Slated for Delivery in Fall 2025
  • High Growth Area Evidenced by 3.1% Annual Population Growth and 3,372 New Homes Planned or Under Construction Within Five Miles of the Site
  • Nearest Competitors Showing Strong Street Rates for Both Climate and Non-Climate Storage
  • Strong Demographics Within Five Miles of the Site Featuring an Average Household Income of $79,928 and a Population of 48,326 Residents
  • Palm Bay is Located Along Florida’s East Coast, Approximately 50 Miles Southeast of Orlando
  • The Rapidly Growing Palm Bay-Melbourne-Titusville MSA is the Ninth Largest in the State of Florida and is Home to 643,979 Residents

OVERVIEW

------------------------------CALL FOR OFFERS: JULY 9th, 2025-------------------------------------- A brand-new, institutional-size self-storage facility is scheduled for delivery upon receiving its Certificate of Occupancy in September 2025. This “Class A” development will feature a three-story, climate-controlled building totaling 55,308 net rentable square feet (NRSF), complemented by four drive-up, non-climate-controlled buildings totaling 11,400 NRSF. Strategically located, the property benefits from a lack of direct competition within a three-mile radius and a low self-storage saturation rate of just 4.1 square feet per capita within five miles.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Bay Storage C/O

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Self-Storage Facilities

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.8 AC

LAND SF

426,672 SF

ZONING

GU

APN/PARCEL ID

28-36-32-00-00750.0-0000.00

ASK ABOUT THIS PROPERTY

David PerlleshiFranklin StreetMore Info
914-365-0752

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

David PerlleshiFranklin StreetMore Info
914-365-0752

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.