Self-Storage & Industrial
Margate Self-Storage& Industrial Opportunity
Executive Summary
Austin McLeod with Matthews™ has been exclusively hired to market for sale a prime 3.99 acre property in Broward County, Florida featuring a thriving self-storage business with $2.48 per foot achieved rents, a 56-year NNN lease with the third-largest propane company in the U.S. (which includes three propane tanks on-site), and a 6,000 square foot office-warehouse building.
This extremely well-maintained asset has been under mom-and-pop ownership and management for the past 20 years but still commands some of the strongest rental rates in the trade area. Meaningful upside remains through improved occupancy and leasing — quickly enhanced through advertising and marketing spend, given the current owners spent only $4,433 last year.
The Buyer will also benefit from significant depreciation, estimated at over $3M in the first year by a cost segregation specialist, plus considerable leverage at lease expiration given the rarity of the propane tanks on-site. The surrounding trade area is dense and growing, with over 155,000 residents within a 3-mile radius — projected to exceed 165,000 by 2030 — and the Legacy at Margate 220-unit apartment community (delivering summer 2026) is just 0.53 miles away.
The storage facility and the office-warehouse with the propane tanks can be acquired together or separately. This opportunity is being offered on a market bid basis. The Call for Offers date is set for Thursday, June 18, 2026. Please contact Austin McLeod to discuss pricing guidance and gain access to the full deal room.
Investment Highlights
Very well-maintained facility achieving $2.48 per foot rental rates for the self-storage units
Room to improve physical occupancy and increase revenue quickly. Current advertising spend is only $4,433 per year
Rare NNN lease with a Top-3 Propane Company in the U.S. that runs for another 56 years with annual increases. Property can be purchased separately from the storage
Mom-and-pop ownership and management for the last 20 years
Dense surrounding population with over 155,000 people living within a 3-mile radius of the property
Strong population growth projected at 1.10% in a 1-mile radius and 1.20% in a 3-mile radius. Total population in a 3-mile radius is projected at over 165,000 people by 2030
Solid income levels at $88k per year in average household income in a 3-mile and $91k in a 5-mile
Massive amounts of residential development underway within 5-miles totaling over 21,000 new units and $7B+ in value
Huge depreciation opportunity when factoring in the storage, office building, and the propane tanks
Significant leverage when propane lease expires given the rarity of the tanks on-site
Recent CapEx completed, including new A/C units in the climate controlled building and office
High barrier to entry market, with a current self-storage moratorium in-place in the city of Margate
Demographics
(3 & 5 Mile Radius)
3-Mile Population (2025)
5-Mile Population (2025)
3-Mile Avg HH Income
5-Mile Avg HH Income
3-Mile Pop. Growth (2025–2030)
2030 Population (5-Mile)
Margate, FL · Broward County
Margate sits in the heart of central Broward County, one of South Florida’s most densely populated and supply-constrained self-storage markets. Strong infill demographics, an active development pipeline, and a city-imposed self-storage moratorium combine to support durable long-term occupancy and rent growth.
Location & Access
- Excellent visibility on Banks Rd with ±14,100 vehicles per day.
- Immediate access from Royal Palm Blvd carrying ±37,000 VPD.
- ±6 miles to Pompano Beach and ±15.7 miles to downtown Fort Lauderdale.
Trade Area
- Centrally located infill site serving Margate, Coconut Creek, Coral Springs, Tamarac and North Lauderdale.
- Surrounded by dense established neighborhoods including Holiday Springs (±1,924 homes), Paradise Gardens (±1,300 homes) and Oriole Gardens (±1,472 condos).
- Anchored retail nearby: Walmart Supercenter, Publix, Costco, Home Depot, Sprouts and Coconut Creek Plaza.
Development Pipeline
- Over 21,000 new residential units totaling $7B+ in value underway within 5 miles.
- Legacy at Margate — 220-unit apartment community delivering summer 2026, just 0.53 miles from the site.
- City Village, Modera Coral Springs, Metropolitan at Coral Square and 32 Hundred among major nearby projects.
Supply & Barriers
- Active self-storage moratorium in the City of Margate creates a true high-barrier-to-entry market.
- 3-mile SF/capita of 8.39 and 5-mile of 9.48 — consistent with a stable Broward County trade area.
- Rare on-site propane tanks under a 56-year NNN lease provide long-term leverage at expiration.
Self-Storage & Industrial
Margate Self-Storage & Industrial Opportunity
Exclusively Listed By
Austin McLeod
Senior Vice President · Director | Self-Storage
License No. 3SL3600044 (FL)
Broker of Record
Kyle Matthews
License No. BK3554632 (FL) · Firm No. CQ1066435 (FL)