Stefan Hoops Of DWS Group Acquires Self Storage Facility In Tamarac For $19.6M

This transaction involves a self-storage facility located at 5602 Rock Island Road in Tamarac, covering 1.76 acres. The property, which boasts a total square footage of 85,521, was sold for $19,600,000, translating to a price per square foot of $229. The facility was constructed in 2022 and is managed by Extra Space Storage, indicating a relatively new asset within a dynamically evolving sector.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $19,600,000
• Address: 5602 Rock Island Road
• Market: Tamarac
• Acres: 1.76
• Square Footage: 85,521
• Price per Square Foot: $229
• Buyer: Stefan Hoops - DWS Group
• Seller: Tyler A. Colpini - Safely Store Self Storage & Theus Holdings
• Note: DWS affiliate RA2–5602 Rock Island Rd LLC acquired the self-storage facility, reflecting strong investor demand in the South Florida market.

Stefan Hoops represented the buyer, DWS Group, while Tyler A. Colpini represented the seller, Safely Store Self Storage & Theus Holdings. The transaction signifies notable interest from investors in the self-storage market, particularly in regions exhibiting robust growth trends.