The Mele Group of Marcus & Millichap has been selected to exclusively market for sale RoboVault Self Storage in Fort Lauderdale, Florida. RoboVault Self Storage signifies an exceptionally rare investment opportunity to acquire a trophy self-storage asset in the high-barrier-to-entry South Florida market with substantial upside. Upon acquisition, the opportunity guarantees an investor an internationally-coveted facility recognized for its prestige, cutting-edge technology and array of amenities available compared to other facilities in the market. This premier facility has significant growth potential through numerous expansion opportunities and adjusting its marketing platform to cater to traditional storage, generating further interest from the surrounding communities.
Throughout the property, RoboVault Self Storage has capitalized on revolutionizing the self-storage experience through its user-friendly, automated systems. The facility is revered for its access systems with wall-mounted controls to facilitate recalling units through an automatic retrieval system, ensuring dust-free storage without human impact or the need to use elevators or extensive hallways. The recalling of units also leads to a car pick-up area for all vehicles stored at the facility, that are placed onto the automated dock with ease for driving off of the site. There are seven loading bays which units can be brought to, each having air conditioning and ensuring no weather obstacles for consumers. The building itself boasts multi-leveled surveillance, units located at least 30 feet above sea level and steel-reinforced concrete construction that is resistant to a Category 5 hurricane. Should the building witness a power failure, there’s an on-site generator to keep the system powered for 14 days. To add to the well-secured asset, the facility offers a tenant insurance program as a source of additional income.
Recently constructed in 2009, RoboVault Self Storage has 91,122 rentable square feet and 1,168 total units, comprised of climate-controlled storage, temperature and humidity-controlled wine storage, automobile storage, safe deposit boxes and a fine arts tenant. The facility consists of one, fully-climate controlled building with a spacious lobby, salesroom, safety deposit vault, showroom, conference room, back entrance and a lounge area to hold periodic events such as wine tastings for patrons. There are also multiple opportunities to convert vacant space and existing storage unit types into traditional storage to enhance leasing activity and bolster subsequent occupancies as a result. Among the opportunities are 11,000 square feet to build out climate-controlled storage and approximately 18,000 square feet of outside, drive-up space near the rear of the property.
The facility is at a keepsake location on Southeast 6th Avenue in Fort Lauderdale, Florida. This roadway merges into Eller Drive, seeing over 16,500 vehicles a day. With its six stories, the building has an unencumbered view from Interstate 595 and U.S. Highway 1, which reports over 81,000 and 65,000 vehicles a day, respectively. This facility is also just under two miles from Interstate 95 at an estimated 272,000 vehicles daily. Within a three-mile radius, the population boasts of 68,721 individuals and has been projected to boost a staggering growth rate of 1.14 percent between 2018 and 2023. There are also 32,355 households with an affluent average household income of $92,501, far surpassing the national average.
