Liberty Investment Properties Inc., together with private investors, has acquired a 550-unit self storage facility in Tampa. Extra Space Storage, a self storage REIT, is the manager and the property is branded under the same name.
The facility occupies 1.4 acres at 5045 W Cypress St. in the Westshore Business District, alongside State Route 60, roughly three miles from Tampa International Airport and five miles from the University of Tampa. The facility comprises climate-controlled units ranging in size from 25 to 250 square feet. Commercial storage units are available up to 350 square feet with first-floor and elevator access. Amenities include 24-hour access, moving carts and wide-drive aisles for large moving trucks.
“We are extremely intentional about the location in which we are developing new storage product,” said Adam Mikkelson, president of Liberty Investment Properties, in prepared remarks. “Our unique understanding of demand and providing a quality product for our customers are top priorities for our organization.”
A joint venture of Liberty Investment Properties and Osprey Capital recently opened a 92,000 square-foot self storage facility in St. Petersburg.