Pembroke Pines self-storage facility sold for $17.9M as regional demand grows
Pembroke Pines self-storage facility Snapbox has sold to Texas-based owners for $17.86 million, traded at roughly 40% higher value than its last sale, according to Broward property records.
The 207,006 -square-foot property, located at 8321 Pines Blvd., was bought on Nov. 25 by ESP Holdco IV-FNW LLC — part of Austin-housed Etude Storage Partners — from First Neck Pembroke Pines LLC, backed by CSM Capital Corp and headquartered in Philadelphia.
Seated on 4.75 acres of land , Snapbox offers flexible monthly rentals for housing personal and commercial goods and was absorbed by parent company GoStoreIt Self Storage in 2024, reported industry outlet Inside Self Storage last August.
The facility, built in 1989, sits behind the Pembroke Commons shopping center in east Pines and is sandwiched between a nearby Lowe’s Home Improvement and Amped Fitness gym.
The multi-million-dollar price tag amounts to a sizeable difference in value from the property’s last sale in 2019 for $12.9 million, records show.
Its sharp rise in price points to a larger demand for self-storage in South Florida, reported the South Florida Business Journal on Nov. 25.
According to the outlet , the region was projected to see a 3.5% boost in self-storage inventory — the majority concentrated in Miami-Dade County — while vacancy rates dropped to 6.2%. Rent for these spaces, reports the journal, has peaked at $1.53 per square foot and is considered the highest in the Southeast United States.
This story was originally published November 28, 2025 at 4:57 PM.
