Storage Center represents an exceptional opportunity to acquire a strong, stabilized self-storage facility in one of Tulsa, Oklahoma’s most affluent areas.
Well-positioned in the heart of the 54th ranked U.S. Metropolitan Statistical Area, the owner-managed facility features 105 climate-controlled units, 327 standard storage units and 75,680 NRSF. With an extraordinary historical occupancy above 94 percent and a 3,000 SF expansion completed in August of this year, the Storage Center is strategically positioned to provide an investor the opportunity to increase future revenue streams and capture significant upside in the current 6.64 square foot per capita market.
Located just steps from the Creek Turnpike at the intersection for Riverside Parkway and 101st Street, Storage Center has excellent visibility and access from over 16,600 vehicles per day. Combining the location with new high-end residential growth immediately to the south, the trade area has seen significant development over the last several years. While the local population has grown 3% on average over the last 10 years, the 3-mile trade radius has seen average household income climb to over $124,000.
Amid multiple opportunities for growth, Storage Center is THE hard-to-find, non-REIT managed property with sustained high-level performance. With an outstanding location and the ability to increase below market effective rents, Storage Center represents an exceptional opportunity to acquire a turnkey, class-A facility with a proven occupancy track-record and substantial growth potential.