Tulsa MSA Self Storage PortfolioCall for Price426 Units
Pricing Guidance: $7,000,000
The Self Storage in Bixby/Catoosa offering is a 66,495 rentable square foot portfolio consisting of two (2) properties located in Bixby and Catoosa, Oklahoma. The assets were built with management flexibility providing for a combinaton of on-site and remote management. The facilities provide an attractive amount of scale for a top 55 MSA opportunity in areas of high residential growth. All facilites are equipped with security pad gate access and security cameras. The cumulative parcels measure a combined 4.12 acres.
The Bixby facility is located in a high barrier to entry market where it’s difficult to get new storage projects through the entitlement process.
Self Storage in Catoosa is a 2019 vintage property. The quality of construction and unit mix is top of market for that trade area and well-positioned for future profitability. The property is currently in lease-up with an aggressive online marketing campaign and specials to expedite the lease-up process.
The Self Storage in Haskell Development offering is 2 +/- acres of partially developed land located at 7473 N. Hwy 64, just north of Haskell, OK in Muskogee county. Demo/Excavation work has already taken place and a large portion of the concrete has been laid, including (1) 60‘x160’ & (1) 65‘x200’ slabs for storage buildings and approximately 2/3 of the driveways. There has also been some underground rough-in for electric lines. The lot has an approximate 38,000 additional square feet for future expansion.
Keep It Safe Mini Storage is located at 4135 N Parkdale Lane in Denison, TX. Denison is a growing part of Grayson County which is in North Texas approximately 75 miles North of Dallas. The Keep It Safe Mini Storage is a fenced and gated property.
The property sits on 2.237 acres located in the County, not in the City of Denison. The current rent roll includes 111 total units and 14,160 rentable square feet.
The property can continue be expanded at the front or rear on the vacant land included in the sale. The owner has already completed significant site work allowing the next owner to quickly and cost effectively expand the property at the front and rear of the property.
This is a great opportunity for a new buyer to buy a mismanaged deal and execute a hands-on approach. Located in desirable Lafayette, the upside in this opportunity is through physical lease-up and improvements to the property (currently at 66% unit occupancy, compared to the market, which sits at well above 90% occupancy).
Lafayette is open for business and is a strong supporter of economic development. The City is located just northwest of Denver in southeast Boulder County, 10 miles east of Boulder. The community offers a small-town atmosphere with the convenience of easy access to a major metropolitan area. Lafayette’s location, accessibility, and high-quality of life combine to make it a desirable location for residential, commercial, and light industrial development.
Great opportunity to purchase 4 well-located self storage assets with room to grow. Clark Storage Shenandoah and Pacific Junction locations offer 48,320 rentable square feet of drive-up storage and container units. Clark Storage also offers outdoor storage and has ample room to provide additional parking, storage buildings or containers. The Shenandoah facilities are centrally located, and the Pacific Junction facility is directly off of I-29 with great site visibility. This offering allows a buyer to gain scale in these markets while implementing improved revenue management and online capabilities.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
Dan-Ark Mini Storage is a 19,488 RSF facility that benefits from high occupancy and is ripe for expansion on its 3.29 acres. The first building was built in 1995 and the most recent building was added in 2021.
Competition is very limited in Danville and the property is located in the center of the town. Russellville, AR is only 16 miles away to the north and Hot Springs is 40 miles to the south.
The facility offers an investor the ability to buy a stabilized, existing facility, with potential for expansion, below current replacement costs. There is further significant upside in financial performance, as the Seller’s daughter is not committed to running a storage facility long term.
Fenton Self Storage PortfolioCall Broker for Price1,108 Units
The Fenton Storage Portfolio includes three different locations in the southwest corner of the St. Louis, Missouri Metro. The two Fenton facilities are within four miles of the each other and the Hillsboro location is approx. 20 miles to the south.
There is significant room for expansion at the Hillsboro and Fenton main facility. Fenton West has been approved for the construction of five additional storage buildings, which would replace uncovered outdoor storage.At the Hillsboro facility, a 14,000 SF expansion was completed in the Fall of 2023.
Sedona Self Storage is located in town and next to the Bashas’ grocery. The property is at full occupancy and has been at full occupancy for years. The current owner has added some automation features such as a mechanical gate with keypad and a cloud-based management software. He has not implemented any revenue management or tenant insurance programs.
In addition to the storage facility and on-site office, this offering includes a separate manager’s residence. The property is located adjacent to a high-traffic section of the 89 Freeway.
Projections over the next 5 years at higher occupancy attained through unit mix revisions and market standard rental escalations, would result in net operating income growing substantially from the 1st through 5th year of ownership.
Arcadia, FL Self Storage Development Site$1,400,000
Self-Storage development site on 4.42+/- acres in the centrally located city of Arcadia, Florida. Arcadia is ‘THE’ SW hub connecting Punta Gorda, Fort Myers, Lakeland, and Port Charlotte as well as Sarasota and Bradenton. These surrounding cities are undergoing rapid growth and development expanding towards the market area. The site has 600’ of frontage on a busy corridor of Highway 17 with over 14,100 cars per day.
The proposed configuration consists of 4 single-story buildings totaling 74,910 GSF of storage; including a mix of 69,810 GSF of climate-controlled storage and an additional 5,100 GSF of drive up non-climate storage. The site has in place sidewalk, curb and gutter, full utility access and a commercial sized curb cut, apron and culvert in place. The land is ¾ cleared and mowed with no wetland or flood zone and a desirable building soil (Smyrna sand). Additionally, this site qualifies as an Opportunity Zone with tax deferrals/benefits as well as a REAP Grant eligible providing funding for solar energy if desired. The sale is contingent upon the Seller providing site plan approval and removal of political risk.
This is a turnkey development that encompasses two phases on approximately 5 acres. The site is located on Charlotte Avenue just west of St. Rd. 19 which is the main north/south artery in Elkhart. All approvals and entitlements are in place for the entire project which is slated for 76,120 rentable square feet. The first phase has all site work completed (grading, drainage, fencing, gate & keypads, etc.), is completely fenced and has two buildings erected (6,000 SF). Paving of the drive lanes has not been done. The remainder of the first phase calls for another 22,920 square feet to be erected for a total of 28,920 SF. Grading, drainage and paving will need to be completed for phase II and the fence will need to be expanded out from phase I. The second phase plans for another 47,200 SF for a total of 76,120 SF.
Lucky 7 Storage$850,00085 Units, 12 Containers, 32 Parking Spots Units
Lucky 7 Storage is a great opportunity to purchase a well-located, value-add self storage business. The facility is situated in Cambridge, MN, less than an hour north of the Twin Cities MSA with strong demographics. Lucky 7 Storage consists of 19,326 rentable square feet and 85 units of self storage. The facility also includes 12 storage containers, 32 parking spots and a ~500 square foot office space that could be rented out to a tenant. This value-add opportunity allows the new owner to implement streamlined management, improve the online presence and grow rent rates and ancillary revenue sources.
Area CRE Services is licensed under Keller Williams Realty Integrity Lakes
BlackCat Storage is an 8,000 square foot storage facility located in the Mexia, TX submarket, due east of Waco, TX. Consisting of 80 non-climate-controlled units, being 96% occupied, the property sits on 6.93 acres of total land (of which around 2 acres is currently being used). The location has excellent exposure off a main artery within Mexia, on Tyler Street. This property is an ideal opportunity for a value-add buyer with the ability to expand upon the current square footage as well as room to grow existing rents.
Sarasota Self Storage Development Site$2,700,000874 Units
Self storage development opportunity in Sarasota, Florida. This is a +/-2.83-acre self storage development development site with 311 feet of frontage along 17th Street in a densely populated sector of North Sarasota. The site is less than a mile from US Hwy 301 with over 46,000 cars per day and approximately a mile to downtown Sarasota.
The site is a proposed 3-story 122,955 GSF Class A climate-controlled storage building, including 874 units totaling 92,175 NRSF. Sale is contingent upon Seller providing site plan approval prior to close. Site plan approvals are expected to be received at end of Q2-2024.
