Affordable Self Storage Portfolio


Cushman & Wakefield’s Self-Storage Advisory Group is pleased to offer the opportunity to acquire the Affordable Storage Portfolio (the “Properties”), a nine property self-storage opportunity totaling 436,184 net rentable square feet (“nrsf”) with locations in Florida, Georgia, and Tennessee. This offering provides a rare opportunity to acquire a value-add portfolio with scale and significant upside through leasing up the newly expanded sites and implementing revenue management, rate increases and added management efficiencies. The Properties are strategically situated in three adjoining states. Each of which has had over three million net migrations over the past 10 years and these numbers continue to grow. Florida and Georgia have seen extraordinarily high volumes of new population growth due in part to the suburbanization trends that have been playing out all across the country. The properties, which have been owner-managed, have been recently renovated and come with a balanced mix of storage, some light industrial, and a small component of retail space with prime road frontage. Expansion opportunities potentially include adding Boat / RV facilities, additional drive-up storage units, or portable storage units on the unused land included in the sale. In the current underwriting, these value-add options are not considered in the asking price but will provide the opportunity for even greater potential returns.



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