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Florida & Gulf Coast  + South Florida  + Retail  | 
Blue Vista Capital Management and H&M Development have acquired a private soccer property in Hialeah Gardens, FL for conversion to a self-storage facility.

Blue Vista, H&M Development Acquire Hialeah Gardens Soccer Facility for Conversion to Self-Storage

Investment management firm Blue Vista Capital Management and H&M Development have acquired a 100,000-square-foot private soccer property in Hialeah Gardens, FL for redevelopment into a self-storage facility.

Triangle Soccer will be converted into a 962-unit, Class A, climate-controlled three-story self-storage facility. The property is situated in an infill site within a three-mile radius of over 20,000 existing and for-sale residential units, as well as key retail spaces including Publix, Home Depot, Starbucks, CVS, Walmart, ALDI and Walgreens.

The project marks the first asset of Blue Vista Capital Management and H&M Development’s long-term, programmatic relationship goal to develop self-storage throughout the Southeastern US.

“Self-storage is one of the most attractive property types to develop because there’s a favorable spread between yield on cost and market capitalization rates,” said Daniel Masveyraud, a principal at H&M Development. “There’s a lot of momentum in Hialeah Gardens, with significant residential and commercial construction as well as below equilibrium storage supply that positions the development of this facility for success.”

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H&M Development's Masveyraud

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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