Value Store It has acquired a self-storage asset located at 1400 West Indiantown Road and 2909 South Military Avenue in Jupiter. The property spans an impressive 252,436 square feet and comprises 1,835 units, sitting on 5.6 acres of land. The transaction took place on June 18, 2021, with a sale price of $35,400,000. This equates to a price per square foot of $140 and a price per unit of $19,292.

Summary of transaction details

• Property Type: Self Storage
• Transaction Amount: $35,400,000
• Address: 1400 West Indiantown Road & 2909 South Military Avenue, Jupiter
• Market: Jupiter
• Square Footage: 252,436
• Price per Square Foot: $140
• Units: 1,835
• Price per Unit: $19,292
• Acres: 5.6

The buyer, represented by Carlos Diaz of Value Store It, acquired the property from Jupiter Self Storage LLC and Trico Investments. The deal was facilitated by Rodney Langer of Investors CRE and Morgan Windbiel of CBRE. It is worth noting that this transaction presents a significant opportunity for Value Store It to expand its portfolio in the self-storage market.