Developer breaks ground on self-storage center near Palm Beach Outlets

A West Palm Beach-based developer of self-storage units has broken ground on a new property across the street from the Palm Beach Outlets.

SROA Capital last year paid $1.3 million for the 2-acre site at 1620 N. Congress Ave. in West Palm Beach. The three-story, 100,000-square-foot building will include 830 air-conditioned units.

The facility is scheduled to open in early 2018. After recently buying three properties in South Carolina, SROA manages 59 self-storage facilities in five states.

Commercial real estate brokerage Marcus & Millichap has cited a shortage of self-storage space in South Florida.

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