Avid Storage - Navarre, FL Portfolio

Property Addresses: 8202 Navarre Pkwy, Navarre, FL 32566 | 8420 Little John Jct, Navarre, FL 32566 | 2143 FL-87, Navarre, FL 32566 | 2215 FL-87, Navarre, FL 32566

Oakside is pleased to present Avid Storage, a four-property self-storage portfolio totaling 677 units and 93,091 NRSF across Navarre, Florida - the largest community in Santa Rosa County and a key residential hub along Florida's Emerald Coast. The portfolio features a diversified mix of drive-up non-climate, interior climate-controlled, and outside parking units, and is currently operating at 78% physical occupancy (79% by area) and 59% economic occupancy, presenting a clear opportunity to drive revenue through rate increases, burned-off concessions, and improved collections. In-place rents trail market by approximately 21% portfolio-wide - with drive-up units roughly 23% under and select unit types 40-70%+ below market - providing a realistic, executable path to grow NOI from $394K (T-12) to over $813K by Year 2 as rates are marched to market. The assets are well maintained with no significant near-term capital needs and benefit from strong visibility, with the flagship Navarre Parkway site fronting US Highway 98 (~49,500 VPD) and three locations positioned along State Road 87 (~23,000+ VPD). Demand is underpinned by a defense-anchored, high-growth, high-income market, anchored by Eglin Air Force Base, Hurlburt Field, and NAS Whiting Field, alongside 8-9% population growth since 2020 and household incomes exceeding $91,000 within three miles. With institutional operators including Extra Space and Public Storage facilities validating market rents within ~3 miles, this portfolio offers investors a rare combination of stable in-place cash flow and meaningful upside through revenue optimization.