Miami City Self Storage (MCSS) has opened an 81,299-square-foot self storage facility in Pembroke Park, Fla. The new asset marks the company’s fourth facility in South Florida and the first in Broward County. CubeSmart is the manager of the storage property.
The newly constructed property is situated at 1781 S. Park Road on 1.4 acres, near the intersection of Pembroke Road and Interstate 95. The facility comprises 795 climate-controlled units and features a concierge-style front desk, security system, motion-activated cameras, intercoms and sensor lighting.
“We continue to search for underserved, population-dense locations within Broward County,” said MCSS Partner Jay Massirman, in prepared remarks. “However, self storage development in South Florida is rapidly declining due to most markets in the region reaching equilibrium or moving towards oversupply.”
MCSS is currently developing two additional self storage facilities in Broward County, one in Pembroke Pines and another in Fort Lauderdale. The Pembroke Pines asset is part of the portfolio that recently received an $83.3 million loan from Jernigan Capital Inc.