Vision & Mission
Why Self Storage?
Self storage is one of the most resilient and recession-resistant real estate asset classes. In contrast to more volatile sectors like retail or office, self storage consistently performs across economic cycles due to its adaptability, low operating costs, and strong demand fundamentals.
Start Your Next Project With Confidence
Work with a team that delivers structural integrity, project efficiency, and lasting value.
Key Advantages of Self Storage:
Strategic Focus
Blackrock’s development strategy is centered around the following pillars:
Site Selection:
We target underserved markets with favorable demographics, strong traffic visibility, and high absorption rates.
Entitlement Expertise:
Our in-house team navigates local zoning and permitting challenges to deliver entitled sites with speed and certainty.
Design & Construction:
Leveraging deep engineering and construction experience, we build durable, attractive, and cost-efficient storage facilities that appeal to both institutional investors and local users.
Exit Optionality:
Each development is positioned for maximum flexibility—whether to be held as a long-term cash-flowing asset or sold to REITs or aggregators seeking quality inventory.
Market Footprint
Blackrock is currently evaluating and acquiring sites in:
Florida (primary markets: Tampa Bay, Orlando, Miami, Jacksonville)
Georgia (Atlanta MSA and growing suburbs)
North and South Carolina
Texas (select metros with self storage supply gaps)
Leadership
Led by a structural engineer with over two decades of experience in building with precision and purpose.
Blackrock Construction & Development is led by Carmelo Giglio, PE, SI, a seasoned structural engineer and builder with over 26 years of experience in Florida’s construction and inspection sectors. His technical background and practical expertise provide unmatched value in navigating entitlement, managing construction risk, and ensuring every project is structurally sound and financially successful.
Investor Value Proposition
For investors, Blackrock offers:
- Strong projected IRRs driven by disciplined underwriting and low basis cost
- Equity structures aligned for growth and value creation
- De-risked execution through internal technical capabilities
- Access to an asset class with proven demand and institutional appetite
Assumptions for a Typical Project:
- Gross Square Feet: 60,000 SF
- Net Rentable SF: 55,805 SF
- Climate Control: 47%
- Traditional Units: 53%
- Blended Rental Rates: $16.32/SF
- Development Cost: $5.025 million
Financing Terms:
- Cash Investment: 33%
- Interest Rate: 7.5%
- Amortization: 25 years
- Balloon Term: 10 years
Return on Investment:
- Internal Rate of Return (5-Year Unlevered): 22%
- Internal Rate of Return (5-Year Levered): 37%
Our Recent Projects
Highlighting our commitment to smart design and efficient execution.
Sebring Project
What Our Clients Say
