Its portfolio comprises more than 700,000 net rentable square feet
December 31, 2018: Miami City Self Storage (MCSS), is set to launch an acquisitions platform that will invest in storage properties in “key urban markets” nationwide.
MCSS recently completed a project at 5600 S. University Drive in Davie, Florida. There is a Storage facility under construction at 2460 S.W. 28th Lane in Miami. Both the facilities will be managed by a self-storage real estate investment trust and property-management firm CubeSmart. The company’s South Florida development projects have been underway since 2015.
“While we are cautious about development at this stage, we are extremely bullish about the consumer demand for high-quality, amenitized self-storage in dense locations. We are aggressively looking for existing facilities to acquire through our new platform.” said by partner Jay Massirman.
MCSS is a South Florida-based joint venture that develops storage facilities. Massirman and industry veterans Stephen Garchik and Stephen McBride are the founders of MCSS.