OK, AR, TX 8-Property Self-Storage Portfolio Opportunity

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Price
Market Bid
NRSF
439,566
OK, TX, AR
Portfolio
Value-Add
Updated Financials Available
Professional Management Upside via Rate Management and Additional Revenue Streams
Substantial Market Rental Rate Growth Potential in All Three Metro Areas
Centrally Located Facilities in All Three Metro Areas
Growing MSA Populations Significantly Outpacing U.S. Population Growth
Low Crime Rates and Well Below Average Unemployment Rates in All Three Metro Areas

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of Keyport Self Storage in Tulsa, OK, Fayetteville, AR and Sherman, TX.

The OK, AR, TX 8-Property Self-Storage Portfolio represents an exclusive opportunity to acquire a stabilized portfolio with fantastic upside in management potential and modernization. The Portfolio consists
of 4,062 units with 439,566 net rentable square-feet across 8 facilities. As a result of strong underlying fundamentals and excellent locations the Portfolio is well-suited for long term growth and consistency.

The Portfolio currently generates $1.86 MM in annual net operating income on an adjusted T-6 basis with an overall Physical Occupancy of 89.6% and Economic Occupancy of 83.6%. New ownership is expected to generate double-digit annual rental income growth over the next 2 years via rate management on existing and new tenants as well as taking advantage of professional management efficiencies and additional revenue streams.

With growing populations in Tulsa, Fayetteville and Sherman, the portfolio boasts low crime rates, strong median household incomes and well below average unemployment rates. As the South-Central United States continues to benefit from U.S. migration trends, these assets are expected to continue to generate strong consistent cash flows and represent a unique opportunity to acquire a stabilized self-storage portfolio at scale.

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