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Leitbox Storage Partners breaks ground in Orlando MSA
Leitbox Storage Partners announced its investment in a fifth-generation self-storage facility about 10 miles north of Orlando in the Lake Mary submarket, according to various media outlets. The three-story prototype property spans 88,000 net rentable square feet and sits off Interstate 4. The facility will also offer the added amenity of boat & RV storage.
“In 2006, I was involved with the development of Colonial Town Park, a 400-acre, mixed-use project across Interstate 4 from this investment,” said Bill Leitner, founder and managing principal of Leitbox Storage Partners. “Town Park subsequently won the NAIOP National Development of the Year. This corridor has grown demonstrably since then, as demonstrated by 13 percent population growth since 2020. Couple the growth with affluent incomes averaging $147,000, median home values north of $375,000, and two-bedroom apartments rents north of $2,000, this site meets many of our Leitbox Sitefinder parameters. Excited to b