MCSS Development (MCSS), which says it is a nation-wide developer of urban infill self-storage facilities, has announced that it has closed on the purchase of its eleventh South Florida development site at 18460 Pines Blvd. in Pembroke Pines.
The new self-storage urban infill project will consist of approximately 100,000 net rentable square feet, with more than 1,000 climate-controlled storage units. A national Real Estate Investment Trust will manage the facility.
“Our project will be strategically located to capitalize on the population growth west of I-75, visibility from Pines Blvd. and proximity to several national retailers,” Leon Dixon, director of acquisitions and development for MCSS, said in a statement.
This puts MCSS on track to reaching its goal of 15 to 20 urban infill self- storage projects in South Florida.
“Most of our sites have been chosen for their high-barrier-to-entry attributes,” said MCSS managing partner Jay Massirman. “However, we are very concerned about the over-building of self-storage in certain South Florida cities, which we are avoiding.”
In addition to its most recent purchase, MCSS is developing several locations throughout the tri-county area including SoLēMia, Wynwood, 79 Street, Coconut Grove, City of Miami, Sweetwater, Doral, Pembroke Pines, Pembroke Park, Davie and Fort Lauderdale. The firm is pursuing other strategic sites in Broward and Palm Beach counties.
MCSS is a joint venture between real estate industry veterans Massirman, Stephen Garchik, Steve McBride and consultant David Blum.