220 Basik Dr
Naples, FL 34114
Self-Storage · Specialty Property For Sale · 107,200 SF

The Self Storage Group of Colliers International is pleased to exclusively offer to qualified investors the opportunity to purchase 220 Basik Drive in Naples, Florida. Formerly known as the Naples Big Cypress Marketplace, this 99,642 SF structure has received all governmental approvals necessary to be converted into a self-storage facility. Situated along Tamiami Trail, Naples Storage sits on approximately 14.95 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. This facility benefits from its close proximity to both ingress / egress roadways connecting Naples to the exclusive Marco Island. Union Realtime indicates the total square footage within a 5-mile radius of the subject property is just 2.61 sf per person. Climate-controlled saturation is indicated at only .26 sf per person within 5 miles. The purchaser of this asset will benefit from the excellent quality of construction, the in-place approvals for conversion, and the significant revenue potential of the 118 Covered RV parking spaces. The conversion timeline should be drastically reduced due to the approvals and the excellent condition of the existing structure. This opportunity should afford the purchaser substantial financial returns due to the various income streams and the ease of conversions.