Leitbox Storage Partners Announces Full-Cycle Storage Disposition of its Palm Beach, FL facility
August 17, 2021 | Leitbox Storage Partners
BIRMINGHAM, AL – August 17, 2021 – Leitbox Storage Partners, LLC, a vertically-integrated, self storage platform, based in Birmingham, Alabama, announced today its disposition of its 74,200 SF self storage facility located in the Palm Beach, FL area.
Bill Leitner, Founder and CEO of Leitbox, commented, “We are thrilled with the full liquidation of our Palm Beach, FL asset. This disposition validates our programmatic, vertical development strategy. This facility benefits from the area’s strong demographics and significant rental rate growth in the area.”
This asset was developed on a 1.96 acre parcel in Lake Park, FL. A three-story, vertical design spans approximately 74,200 SF of 100% climate-controlled units. The facility offers all unit sizes spanning 789 units.
About Leitbox Storage Partners
Leitbox Storage Partners (“Leitbox”) is a real estate company that develops and acquires self-storage (often with mixed use & retail integration) in primary and secondary markets throughout the United States. In addition to programmatic, greenfield development of vertical self-storage, the founder utilizes his 25+ year history in the retail and mixed-use sectors to identify and acquire retail, big-box conversion opportunities and other storage facilities.
Contact:
Karen George
kgeorge@leitbox.com
