Self Storage Development Opportunity - Stuart

PROPERTY HIGHLIGHTS:

• Prime development location with a mix of dense retail and residential units.
• Well positioned site with exposure to Federal Highway.
• Traffic count of 60K cars per day.
• Strong demographics with a population of over 60K people and an average income of over $75,000 per year within a 3-mile radius.
• Recent Study shows strong demand for climate-controlled buildings.

This is a prime development location in Downtown Stuart, with strong demographics, dense retail/shopping and major residential housing. High visibility from Federal Highway as a 4-story L-Shaped climate-controlled building. Below Study shows a very limited number of climate-controlled storage in the area.

*This parcel is undergoing approval and will be sold contingent upon that approval.

Development Status:

Parcel is in the approval process for a 128,000 SF multi-story climate control building. The site islocated on the west side of Federal Highway, and Palm City Road in downtown Stuart. The MasterConcept Plan, depicts one L-Shaped 4 story building with roughly 89,600 SF of net rentablespace. Access to the site will be from Palm City Road and Federal Highway. Municipal water andsewer is available and the site has been cleared.

Proposed / Approved Site Plan:
(1.8 acre parcel)
L-Shaped 4 Story Building – 128,000 square feet.

Surrounding Area Information:

This is a prime highly visible location in the heart of Stuart, FL. Historic Downtown Stuart is just blocks away, with dense residential on Palm City Road to the south, along with Schools, Shopping, Medical, Government, Court House, Parks, and Beaches. US 1 is the main connector betweenStuart and Port Saint Lucie. Port Saint Lucie has become a bedroom community for many Martin County Business’ s creating a great deal of traffic.

This parcel is located across from the CRA/Downtown Redevelopment Area which consist of 694 acres both north and south of the Roosevelt Bridge and includes a proposed mix-use development called “Avonlea”.

There is a 49 unit high end apartment building being developed 1 mile away by Azul Apartments.