Exclusively Listed By:
EquiCap Commercial and
Argus Self Storage Advisors
DEAL SUMMARY
List Price: Determined by Market
NRSF: 49,380
Units: 379
Acres: 7.73
INVESTMENT HIGHLIGHTS
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PRIME LOCATION // Located in a well populated market with car counts around 10K vehicles/day
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STRONG DEMOS // The five-mile trade area boasts 75,016 people and 28,509 households. Five-year population growth is projected at 2.49 percent supporting future demand for self storage
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FAVORABLE SUPPLY INDEX // The three-mile supply index is 6.05 sq feet per capita, while the five-mile is only 4.74 sq feet per capita (note: there is one new 52,475 sf climate-controlled conversion planned 3.45 miles away)
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TOP OF CLASS FINISHES // Premium class construction and amenities, including; On-stie office, 2 bedroom apartment, gated PTI system and fenced, 24 security, and completely paved.
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OPERATION OPPORTUNITY // Opportunity to add online rentals, admin fees, tenant insurance. Also, current ownership does not raise rents on legacy tenants, and has not had a rate increase in 10 years
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EXPANSION OPPORTUNITY // Possible opportunity to expand on the 3+ acres on the back side of the property, buyer needs to confirm with the County