Red Balloon Storage is pleased to share the progress of Homestead – Princeton, a newly constructed, Class-A self-storage facility located at 23815 S Dixie Highway in Homestead, Florida. This 110,000 GSF ground-up development comprises 84,263 net rentable square feet across 958 units, with construction completed and certificate of occupancy issued in February 2025. The site was acquired in May 2022 for $3.575 million, with a total project cost of $19.74 million.

Strategically positioned along a high-traffic corridor in a fast-growing South Florida submarket, the facility is well-poised to meet rising consumer demand for secure, modern storage solutions. Now in lease-up, Homestead – Princeton is expected to deliver strong long-term returns through continued operational performance and market absorption.