Oklahoma 3-Property Self-Storage Portfolio Opportunity – Oklahoma City, Tulsa & Edmond

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Price
Market Bid
NRSF
192,442
Oklahoma City, Tulsa, Edmond, OK
3 Property Portfolio
Three high quality facilities located in Oklahoma
All three facilities are located in high visibility, heavily trafficked areas
The three properties have an average median household income of $66,807 within a three-mile radius
Strong average physical occupancy of 92.9% across the portfolio

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of a three-property portfolio in Oklahoma.

This self-storage portfolio includes three facilities located in Oklahoma City, Edmond and Tulsa, OK. The portfolio represents an investment opportunity in stable and growing markets with a combined net rentable square footage of 192,442 across 1,411 units.

The Oklahoma City property, built in 1973 and located at 4317 NW 39th St, is well-located in a highly populated area, with over 109,000 residents within a three-mile radius. The facility has excellent visibility, with an estimated 52,168 vehicles per day passing by. The property consists of 414 units and 49,850 net rentable square feet, including a mix of drive-up and non-climate units. The facility has an excellent physical occupancy of 93.9%.

The Edmond property, recently built in 2017 and located at 17720 Griffin Dr, consists of 501 units and 78,265 net rentable square feet. The property is located in a highly populated area, with an impressive median household income of $93,098 and population of over 87,000 people within a three-mile radius. This property has a high physical occupancy of 92.5% and includes climate-controlled, drive-up, and non-climate units for a wide range of tenant needs.

The Tulsa property, built in 1977 and located at 6590 E Skelly Dr, consists of 496 units and 64,327 net rentable square feet. In addition the property has a billboard lease which generates an additional $13,500 in annual revenue. The property is in an excellent location in Tulsa, easily accessible from major highways and surrounded by a strong mix of residential and commercial properties. There is a strong population of over 92,000 people within a three-mile radius, including a median household income of $54,272. The property boasts a 92.6% physical occupancy and includes drive-up and climate-controlled units, catering to a wide range of tenants.

Overall, this portfolio represents an excellent investment opportunity in growing markets with strong demographics and low supply. With a combined physical occupancy of 92.9%, this portfolio is well-positioned for above-average NOI growth by implementing existing customer rate increase programs to reduce / eliminate any loss-to-lease.

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