Portfolio

12 Property Self Storage Portfolio

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Key facts

Building Area

Portfolio description

Addresses

  1. 1760 Front St, Yorktown Heights, NY
  2. 1000 Axinn Ave, Garden City, NY
  3. 280 Broadway, Huntington Station, NY
  4. 50 Carnation Ave, Floral Park, NY
  5. 6331 N Broadway St, Chicago, IL
  6. 2845 McDermott Rd, Plano, TX
  7. 11901 FM 423, Little Elm, TX
  8. 3341 West Campbell Rd, Garland, TX
  9. 2711 Justin Rd, Flower Mound, TX
  10. 1651 TW Alexander Dr, Durham, NC
  11. 9300 Fayetteville Rd, Raleigh, NC
  12. 809 Chapel Hill Rd, Spring Lake, NC

Offering Price - Unpriced

Rentable Square Feet - ±774,332

Number of Units - 8,154

Occupancy - Physical - 93% ; Economic - 84%

Offer Deadline - December 3rd, 2021

Investment highlights

Rare Aggregation of Core Self Storage Assets - The Portfolio offers immediate scale in the self storage sector with a meaningful presence in several of the top-performing real estate markets in the country. The Portfolio offers an investor the extremely rare opportunity to place a large amount of capital in class A, institutional-quality assets located within core trade areas with very high barriers to entry for new competition. 


Existing Cash Flow With Upside - With physical occupancy of approximately 93% and economic occupancy of approximately 84%, the Portfolio delivers strong in-place cash flow and is poised for additional revenue growth through continued optimization of street rates and rate increases to existing tenants.


High Barrier to Entry Markets - The properties within the Portfolio are intentionally located in core locations in submarkets with a highly limited number of available sites for new development. In addition, zoning guidelines and other municipal development hurdles further limit the threat of new competitive self storage properties.


Best In Class Facilities The Portfolio includes highly functional, well-located, institutional-quality properties with class A design and amenities. Each asset was developed with a long-term hold in mind. Quality, convenience, security, visibility, and functionality set each property apart from the competition within its trade area, ensuring the assets remain best-in-class for the long term.


Premier Locations Within Top MSAs - Each asset within the Portfolio is strategically located in a highly coveted, densely populated, top-performing trade area with extremely high barriers to entry. The demand factors surrounding each property within the Portfolio are ideal for self storage, including dense populations, high incomes, a high number of proximate households, robust population growth, significant new residential development, and high numbers of renter-occupied housing units.

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List View
Map View
12 Property Self Storage Portfolio (12 Properties)
1760 Front Street
Yorktown Heights, United States
1000 Axinn Avenue
Garden City, United States
280 Broadway
Huntington Station, United States
50 Camation Ave
Floral Park, United States
6331 North Broadway Street
Chicago, United States
2845 McDermott Road
Plano, United States
11901 FM 423
Little Elm, United States
3341 West Campbell Rd
Garland, United States
2711 Justin Rd
Flower Mound, United States
1651 Tw Alexander Dr
Durham, United States
9300 Fayetteville Rd
Raleigh, United States
809 Chapel Hill Rd
Spring Lake, United States
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Last Updated Date: 16 Nov 2021

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