Reliable Storage is a 2-site facility that is currently remotely managed and has seen significant growth in recent years. At 92% occupancy, the project is ripe for expansion and can accommodate over 24,000 RSF to bring the facility up to 44,680 RSF.
The project offers visibility to I-70 in the high growth, western suburbs of St. Louis, MO. There is upside potential in not only the development of additional storage, but additional profit centers, such as tenant protection plans and truck rental commissions.
Mary’s Magazine Self StorageCall for Offers496 Units
Call for Offers Due: December 12, 2023
Mary’s Magazine Self Storage is a Class B self storage property located in beautiful Cañon City, CO. The site consists of 68,050 SF of drive up storage, while also offering 20,100 SF of boat/RV parking spaces. The land currently used for boat/RV parking can easily be expanded into more storage with the use of portable containers; this would be a value-add for any buyer considering the strong demand for storage in the submarket. Portable containers can be placed here easily to increase in-place potential and revenue.
Belair Storage is located at 3011 Belair Street in Pascagoula, MS, which is situated in a densely populated area of Pascagoula. There are 10 buildings which comprise a total of 47,220 rentable square feet of self-storage (17,120 RSF climate control and 30,100 RSF of regular, non-climate control units). Additionally, there is 8,960 RSF of open boat/RV parking totaling 56,180 RSF.
Storage Near Me is a 112,585 RSF (39% climate controlled or with interior heat) including 20,595 RSF of fully enclosed parking asset located in North Little Rock, AR, within the Little Rock MSA. The property is located two miles best of I-40 (Hwy 65), one mile east of Maumelle Blvd (Hwy 100) and located in close proximity to surrounding commercial and residential development.
The project’s Phase 1 consisted of 248 units (51,840 RSF) which achieved the below occupancies within the first, 11 months of opening.
The Storage Center Portfolio is an institutional-quality, two-property Oklahoma City portfolio featuring 145,115 RSF and 986 units on 8.20 acres. The properties were formerly managed by Life Storage until October 2021 to August 2023 and are now owner-managed. The assets are well-maintained and comprised of drive-up units, interior climate-controlled units and a small amount of outdoor parking.
The properties are located in attractive trade areas featuring strong Household Incomes of $78,000 (OKC) and $98,000 (Mustang) within the 3-Mile trade area.
K&K Storage is a great opportunity to purchase a well-located, high-quality self-storage business. There are two locations situated in Silver Lake, MN, less than 1 hour from the Twin Cities MSA. K&K Storage consists of 157 units totaling 33,305 rentable square feet of drive-up self-storage, with an opportunity to build more square footage. This value-add opportunity allows the new owner to implement streamlined management, improve the online presence, and grow rent rates and ancillary revenue sources.
MCS Mini-Storage C of O OpportunityCall for Offers330 Units
Call for Offers Due: Tuesday, November 14, 2023
C of O opportunity in Albany, GA on 6.37 acres. This brand new facility will receive Certificate of Occupancy in January 2024.
This facility consists of 11 buildings containing 46,700 GRSF with 330 climate and non-climate-controlled units plus one 10×20 office with restroom.
The facility has a great location off Gillionville Road (14,600 vpd) behind Mike’s Country Store, which is a local hotspot. It’s located within close proximity of Albany State University, Southwest Georgia Regional Airport, and Stonebridge Golf and Country Club. Major retail within 2 miles of the site include The Albany Mall, Sams Club, and many other major retailers.
County Road 64 Storage is comprised of two locations in Daphne, AL. The main location is located at 10870 County Road 64, and the annex is located at 10371 County Road 64, which is approximately ½ mile apart. This is a major east/west corridor in Daphne, AL, which is located in one of the fastest growing areas in Baldwin County and the state of Alabama.
The main location is comprised of four buildings which includes 224 climate control units and 282 non-climate control units. Additionally there are 165 open boat & RV parking spaces.
The annex location is comprised of 9 warehouse units that are 1,000 rsf each. Additionally there are 15 open boat & RV parking spaces. Both locations are entirely fenced and gated with an electronic keypad access gate.
University District Express Storage$1,900,000152 Units
University District Express Storage is a 152 Unit 20,548 NRSF storage, with 70% current occupancy. This is a great opportunity to acquire a up and coming facility located in Downtown Spokane, near the Gonzaga and Washington State University campuses. A Multi-Story facility with heated interior storage units (135) and (17) exterior parking spaces, plus nearly +/-17,000 SF of vacant ground to expand upon. Room to increase rents in a high occupancy rental market. No other self storage competition for 54 city blocks to the south.
Big Valley Mini Storage is a great opportunity to acquire (2) facilities located in Okanagan and Omak in Northcentral Washington. Comprised of (12) storage buildings, both wood and steel-framed drive-up, single-story units. The average rental rate is $0.64/SF.
Room to increase rents in a high occupancy rental market.
Valdosta Climate Controlled Storage$3,450,000157 Units
Lease up and development opportunity in Valdosta, GA on 4.06 acres. Phase 1 opened August 2023 and quickly started to lease up showing strong demand for the area with over 20 units leased in the first month. This Phase includes 23,000 GSF and 157 climate controlled units. Seller has site plan approval to expand another 17,000 GSF of climate-controlled storage in Phase 2. Buyer has option to build and/ or use for Boat/RV parking. This facility is fully automated and contactless. The facility is in an under supplied area of Valdosta with a low square foot per capita. There is great demand for storage in this area and the first month lease-up is proving this!
Oronoco Self Storage offers investors a great opportunity to own a high quality self storage facility in an affluent and growing market. The facility provides 38,074 rentable square feet with city approval to build three buildings that would add 20,800 rentable square feet. The land is prepped and ponding has been completed to accommodate additional buildings. Oronoco Self Storage is located right off of Highway 52 with visibility to over 30,000 cars per day. The property is asphalt paved and has a recently completed fence and gate system.
The facility is currently being operated by an owner without self storage management experience. While the quality of the facility is fantastic, the lack of management experience on behalf of the owner has resulted in poor revenue and occupancy management. This opportunity allows the new owner to implement a revenue management system, improve the online presence, and offer tenant insurance to improve profitability.
