Andover Properties has secured refinancing for Storage King USA – Fort Myers Highway 80, a 633-unit self-storage facility in Fort Myers, Fla.
JLL secured a five-year loan from Choice Bank. The proceeds will refinance the existing loan and fund Phase II development, adding 89,721 square feet of storage space.
Located at 11351 Palm Beach Blvd., Storage King USA benefits from high visibility with more than 30,000 vehicles passing daily. The facility is also near Babcock Ranch, a major development projected to add approximately 20,000 new homes and 50,000 residents.
Originally built in 2004 and first expanded in 2019, Storage King USA – Fort Myers Highway 80 offers area customers 55,353 square feet of rentable space in a mix of climate-controlled and non-climate-controlled units. The 13.36-acre site has gated access and recorded video surveillance and offers boat and RV storage.
