This institutional-quality, geographically diverse portfolio is strategically located in the Top 20 MSAs of New York, Miami, Seattle & Denver. The portfolio totals 452,647 rentable square feet across five best-in-class facilities, all completed between 2017 and 2019. Owner will consider individual assets or all 5 as a portfolio offering maximum flexibility. Each property is positioned in core trade areas with exceptional visibility and access along major arterials, ensuring strong customer acquisition and long-term performance. The average three mile population across the portfolio is 190,000 people with high household incomes exceeding $130,000. The portfolio currently averages 88% physical occupancy and offers considerable upside through increased occupancy and rental rate growth. The portfolio’s T-3 net rent per occupied square foot is $21.75, with market rent averaging $26.25, providing meaningful upside through continued lease-up and customer rate increases.
Location Highlights:
These assets combine premium demographics, above-average household incomes, and institutional-quality construction, making them among the most competitive and resilient self-storage investments nationwide. The portfolio offers considerable in-place cash flow with significant rent growth potential, achievable through continued physical stabilization and customer rate increases to eliminate loss-to-leas