Project StatusPre-Construction
Gross Sq. Ft.149,889 Sq Ft
Number of Units1,146
Return on Costs9.6%
Targeted LP Exit IRR21.2%
Investment StatusAvailable

Opa-Locka Self Storage

This 4-story, 109,600 net sq. ft. facility will feature 1,121 climate-controlled units and 25 RV-covered spaces. It is centrally located in the Northeast quadrant of Miami-Dade County, with easy access to areas all along the Intracoastal Waterway and 8 miles northwest of Downtown Miami. This high-density area is within a market that continues to signal room for growth and sustainability for the development of new self-storage facilities.

The site presents several advantages for development, notably its central location in Miami-Dade County, which boasts a significant daily traffic volume of approximately 63,000 vehicles. This area also benefits from favorable zoning laws that are conducive to self-storage development, and there is a notable market gap, with the local per capita availability of climate-controlled storage being significantly below the national average.

The development is positioned in a thriving market with a significant imbalance between the high demand and the limited supply of climate-controlled storage. This excellent location affords straightforward access to densely populated areas, enhancing its attractiveness for investment and development.

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