MV Investment has sold a Class-A climate controlled self-storage facility at 807 High Road in Tallahassee, Florida, to an undisclosed buyer.
The 118,500 gross square-foot facility was chosen for its location along a highly traveled corridor and adjacency to Florida State University. With 882 units ranging in size from 5×5 to 10×30, the facility fills a severe shortage of climate-controlled self-storage facilities in the area.
The facility was developed to a higher standard in architectural and landscape design to increase its profile as a secure, high-quality resource for area residents, students, and businesses. In addition, the design takes advantage of an incline on the site to offer ground-level access on both the first and second floors. As a result, the owners can charge premium rents for two floors.
“In addition to selecting sites based on market need and visibility, we work hand-in-hand with our construction partner, Miller Valentine Construction, to develop the unique characteristics of every property to our advantage,” said Aaron Rowley, Senior Developer at MV Investment. “By collaborating with Miller Valentine from the start, we can develop creative and cost-effective solutions that drive a better return for investors.”
Construction on the facility began in February 2022 and was completed March 2023.
MV Investment is currently building 5 facilities and developing another 4 facilities in Florida and North Carolina. Since 2018, the company has developed and sold 16 self-storage units in Florida, Kentucky, North Carolina, South Carolina, and Tennessee.
For more information, contact Aaron Rowley at MV Investment 843.766.3800.