Ft. Smith MSA 2-Property Self-Storage Opportunity – Greenwood & Fort Smith, AR

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Market Bid
Fort Smith, AR
2-Property Portfolio
Newly Constructed Class A Property 2023/2020
1.00 Acres of Expansion Land
Physical and Economic Occupancy at 82.2%and 78.0%
Rental Rates 20-30% Below Market
Exceptional Lease Up History
Gated Access, Video Surveillance, Concrete Drives
Professional Management Upside
Promising Economic Environment with Potential for Regional Rejuvenation

The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale the Fort Smith, AR Self-Storage Portfolio Opportunity.

The Ft. Smith, AR Self Storage Portfolio represents a fantastic opportunity to acquire two newly constructed self-storage facilities in Ft. Smith and Greenwood, AR. Located just 8 miles from one another, the facilities are currently owner-managed with zero paid employees on site. Extremely well positioned with frontage on
U.S. Highway 71, the facilities feature 62,169 NRSF of climate-controlled and standard storage with an extra 1.0 acre of land for expansion. The opportunity has exceedingly strong historical lease up activity at both locations, additional land buildout ready, and rental rates 20-30% below market. Whether adding additional outdoor Boat/RV parking or building an additional 24,000+ NRSF of storage, a buyer has the ability to increase returns immediately via multiple revenue streams.

The Greenwood Self Storage location was constructed in April of 2023 on 2.4 acres and is comprised of 90 climate-controlled units, 191 standard units, and 4 outdoor parking spaces. The facility contains 40,150 net rentable square feet covering 286 total units. The Greenwood location comes with an additional 1.0 acres of land, providing a buyer the opportunity for expansion up to roughly 24,000 rentable square feet or outdoor Boat/RV parking spaces.

The Ft. Smith Self Storage location was completed in 2020 with 2.0 acres of amazing frontage on U.S. Highway 71. The facility contains 68 climate-controlled units, 83 standard units, and 7 parking units. The facility includes 22,370 net rentable square feet covering 159 total units.

Overall, both owner-managed facilities have witnessed exceptional lease-up activity to date. Opening in April 2023, Greenwood is now at 76.9% physical occupancy and 82.6% economic occupancy. The current physical and economic occupancies at the Ft. Smith location are 88.7% and 74.0%, respectively. Both locations are equipped with a fenced perimeter, gated access, state-of-the-art video surveillance system, and fully concrete drives. The on-site office consists of three offices and a showroom at both locations which can be rented out for additional revenue.

Located on U.S. Highway 71 traveling North/South through Arkansas, the Portfolio witnesses traffic counts of over 28,000 vehicles daily. With fantastic visibility, remarkable lease up history, and continued growth potential, the portfolio provides a potential investor a great opportunity to acquire a beautiful owner/operated portfolio in an extremely promising economic environment.

Fort Smith, AR

  • Sign CA to View Offering Memorandum

  • Confidentiality and Buyer Registration Agreement

    Cushman & Wakefield U.S., Inc. ("Broker") has been retained as the exclusive advisor and broker regarding the sale of the property known as the Fort Smith, AR Self-Storage Portfolio opportunity.

    To receive an Offering Memorandum ("Offering Memorandum") please read, sign and return this completed Confidentiality Agreement to Broker. The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective Buyers may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Seller and therefore are subject to variation. No representation is made by Broker or the Seller as to the accuracy or completeness of the information contained herein, and nothing contained herein shall be relied on as a promise or representation as to the future performance of the property. Although the information contained herein is believed to be correct, the Seller and its employees disclaim any responsibility for inaccuracies and expect prospective purchasers to exercise independent due diligence in verifying all such information. Further, Broker, the Seller and its employees disclaim any and all liability for representations and warranties, expressed and implied, contained in or omitted from the Offering Memorandum or any other written or oral communication transmitted or made available to the Buyer. The Offering Memorandum does not constitute a representation that there has been no change in the business or affairs of the property or the Owner since the date of preparation of the Offering Memorandum. Analysis and verification of the information contained in the Offering Memorandum are solely the responsibility of the prospective Buyer. Additional information and an opportunity to inspect the property will be made available upon written request to interested and qualified prospective Buyers.

    By accepting the Offering Memorandum, you agree to indemnify, defend, protect and hold Seller and Broker and any affiliate of Seller or Broker harmless from and against any and all claims, damages, demands, liabilities, losses, costs or expenses (including reasonable attorney's fees, collectively "Claims") arising, directly or indirectly from any actions or omissions of Buyer, its employees, officers, directors or agents.

    By accepting the Offering Memorandum, you acknowledge that you are a principal and not an agent of or acting on behalf of any other party in connection with the acquisition. Buyer acknowledges that it is aware that any Agent/Broker other than Cushman & Wakefield, must be compensated by Buyer as Cushman & Wakefield is not cooperating on fees. Furthermore, Buyer acknowledges that it has not had any discussion regarding this Property's Sale with any other broker or agent other than Broker or an agent/broker properly identified through this registration process, including but not limited to, resolutions of incomplete, conflicting or duplicate registrations. Buyer shall indemnify and hold Seller and Broker harmless from and against any claims, causes of action or liabilities, including, without limitation, reasonable attorney's fees and court costs which may be incurred with respect to any claims for other real estate commissions, broker's fees or finder's fees in relation to or in connection with the Property to the extent claimed, through or under Seller.

    The Seller and Broker each expressly reserve the right, at their sole discretion, to reject any or all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time with or without notice. The Seller shall have no legal commitment or obligations to any entity reviewing the Offering Memorandum or making an offer to purchase the Property unless a written agreement for the purchase of the Property has been fully executed, delivered, and approved by the Seller and its legal counsel, and any conditions to the Seller's obligation thereunder have been satisfied or waived.

    The Offering Memorandum and the contents, except such information which is a matter of public record or is provided in sources available to the public, are of a confidential nature. By accepting the Offering Memorandum, you agree that you will hold and treat it in the strictest confidence, that you will not photocopy or duplicate it, that you will not disclose the Offering Memorandum or any of the contents to any other entity (except to outside advisors retained by you, if necessary, for your determination of whether or not to make an offer and from whom you have obtained an agreement of confidentiality) without prior written authorization of the Seller or Broker, and that you will not use the Offering Memorandum or any of the contents in any fashion or manner detrimental to the interest of the Seller or Broker.

    No employee of seller or at the subject property is to be contacted without the written approval of the listing agents and doing so would be a violation of this confidentiality agreement.


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