Jaime Sturgis-led firm expands to west coast of Florida with eight-property listing

Native Realty, the pioneering Fort Lauderdale-based commercial real estate firm, is expanding to the west coast of Florida with the exclusive listing of a Cape Coral self-storage portfolio. Firm CEO Jaime Sturgis and Native’s Dan Ross are marketing the eight-property portfolio.

The listing is of unusually high demand in the current COVID environment, as investors flock to the safety of Industrial/Flex investments. Savvy investors covet self-storage assets because, when run efficiently, they can produce strong income in any economic or real estate cycle.

This portfolio consists of 523 units totaling 79,052 square feet across 5.24 acres. It features a wide range of units, creating opportunities for flex/industrial uses beyond traditional self-storage.

Extensive recent capital improvements include new roofing systems designed to withstand 140 miles per hour winds, hurricane-rated overhead doors, an 87-camera cloud-based security system and new LED interior and exterior lighting.

Native is marketing the portfolio for $6.8 million.

“Demand for industrial assets is at an all-time high, and supply remains limited,” Sturgis said. “The current COVID environment has only increased demand, as many businesses and households choose to downsize and seek storage space as a more cost-effective option. This is a rare opportunity to acquire a stabilized portfolio, in an up-and-coming city, with strong in-place cash flows, and an opportunity to value-add through stabilization to further increase an investor’s return. The properties are well maintained - with little deferred maintenance - and are flexible in design, which allows them to pivot to more industrial/flex uses in the future, creating multiple exit strategies.”

Cape Coral’s population has increased by 41% since 2000. It is projected to grow by another 11.69% over the next five years.

For more information on the portfolio, visit nativere.com/listings.

Native Realty is headquartered at 719 NE Second Ave. in Flagler Village.

About Native Realty: Founded in 2017 by pioneering Fort Lauderdale-based commercial real estate broker Jaime Sturgis, Native Realty is disrupting the real estate industry and redefining what it means to be a broker. Sturgis and his team of passionate brokers specialize in leasing and investment sales in the urban core and emerging markets in South Florida. Instead of looking at individual listings and transactions in a vacuum, Native takes a holistic approach to the urban neighborhoods the company’s brokers live, work and play in. The firm is best known for its role curating Fort Lauderdale’s Flagler Village neighborhood, completing more than 750,000 square feet in transactions in the last few years. It is now expanding its placemaking efforts to urban core neighborhoods throughout South Florida. Native works with all types of clients, from Fortune 500 companies to small businesses. Notable clients have included Coca-Cola, Integra Realty Resources, U.S.A. Parking and many more. Native is headquartered in the heart of Flagler Village at 719 NE Second Ave. For more information, visit www.nativere.com.