Storage Sense 3
Florida, South Carolina, and North Carolina
Executive Summary
CBRE’s Self Storage Advisory Group is retained as the exclusive listing advisor for the Storage Sense 3 Portfolio, a collection of three properties located in Florida, North Carolina and South Carolina. The portfolio consists of a combined 1,430 units distributed across 153,304 net rentable square feet of self storage space and 48,710 net rentable square feet of parking spaces.
The Sebastian-Vero Beach, FL MSA, is a vibrant coastal market along Florida’s Treasure Coast with steady growth, driven by its appeal as a retirement and tourism destination, bolstered by industries like healthcare, retail, and agriculture. The city of Vero Beach boasts a high average household income, with many residents earning well above the national average due to its affluent coastal community. The area is known for high home values, with luxury properties and waterfront estates driving a robust real estate market. There is also a significant presence of single-family homes under construction, reflecting ongoing development to meet demand for upscale living.
The Winston-Salem, NC MSA, part of the Piedmont Triad region, blends urban vitality with small-town charm. Its economic performance is robust, fueled by a diverse economy led by healthcare, advanced manufacturing, and education. Future growth is poised to accelerate with projects like the Winston-Salem Northern Beltway and the Innovation Quarter, a biotech hub driving job creation and urban revitalization, making it a magnet for young professionals and retirees alike.
The Charleston-North Charleston, SC MSA, covering Berkeley, Charleston, and Dorchester counties, is a dynamic Lowcountry hub, growing at a brisk 1.5% annually. Economically, it thrives with a GDP exceeding $42 billion, propelled by aerospace (Boeing’s 787 Dreamliner plant), tourism, and port-related logistics via the Port of Charleston, alongside a burgeoning tech sector. The metro boasts a low unemployment rate and ranks among the top 50 U.S. MSAs for economic growth, with accolades like being named the “Best Small City” by Condé Nast Traveler for its historic charm and livability. Future growth is bright, with major investments in infrastructure and flood mitigation, ensuring sustained expansion as a cultural and industrial powerhouse drawing residents and businesses to its coastal allure.
Investment Highlights
Team
Brokerage Team
CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.
With more than $6.5 billion in consideration and over 45 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.
