$3 Million Self-Storage Acquisition in Florida

By Trevor Damyan, Commercial Mortgage Broker at Commercial Lending Solutions

A $3 million self-storage acquisition in Florida typically fits a smaller stabilized self-storage facility of 30,000 to 60,000 net rentable square feet. Most $3M Florida self-storage acquisitions fund through specialty self-storage banks, SBA 504 for owner-users, or DSCR loan programs.

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What a $3M Self-Storage Acquisition Capital Stack Looks Like

$3M Florida self-storage acquisitions fund as bank balance sheet, SBA 504, or specialty self-storage lender financing.

Capital Source Rate / Cost Size / LTV Notes
Specialty self-storage bank 7.45 to 8.65% $3M / 65 to 75% LTV Stabilized self-storage
SBA 504 (owner-user) Bank 1st 7.00% / CDC 5.85% fixed $3M / 90% LTC Owner-operator only
Bank balance sheet 7.25 to 8.50% $3M / 65 to 70% LTV Depository relationship
DSCR loan 7.85 to 9.50% $3M / 70 to 80% LTV Single-asset DSCR

Pricing reflects active CLS CRE quote pipeline as of April 2026. Specific deal pricing depends on sponsor, property, and structure.

Who Closes a $3M Self-Storage Acquisition Deal

Typical $3M Florida self-storage sponsors are first-time storage operators or expanding operators. Florida self-storage benefits from strong demographic in-migration and Sun Belt demand drivers.

A Real $3M Example

On a $3.2M acquisition of a 42,000 sq ft self-storage facility in suburban Tampa, the sponsor was a second-time storage operator with one stabilized facility. Specialty self-storage bank at 7.85 percent fixed 5-year, 70 percent LTV ($2.2M), with partial recourse.

Anonymized. All deal references protect borrower and lender identity.

$3M Self-Storage Acquisition Florida FAQ

Florida demographics including population in-migration, retiree demand, and limited household storage capacity support strong self-storage demand. Florida is one of the most active self-storage markets in the country.
Yes for owner-operators. SBA 504 finances owner-operator self-storage at 90 percent LTC subject to standard SBA size and use eligibility.
Stabilized Florida self-storage typically trades at 5.75 to 7.00 percent cap rates depending on market, climate-control mix, and operator.

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