Tulsa MSA Self Storage PortfolioCall for Price426 Units
Call for Offers Due: May 29, 2024
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.
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.
High-quality storage development site in Moore, OK, located in the Oklahoma City MSA with strong demographics (3-Mile AHHI of $89,000; 3-Mile Population of 73,706).
Opportunity to gain additional scale by building multi-story.
