Prime Location: Situated in the affluent Washington, D.C. metro area with strong supply per capita numbers within its trade area at 4.09 SF per person
Established Facility: 49,437 rentable square feet across 886 units, offering a variety of ground-floor, elevator-accessible and lockers
Growth Potential: Current occupancy at 65.1%, with traditional units at 81.0% and lockers at 38.8%, providing significant upside on both the storage and the lockers to increase occupancy
Strong Demographics: Over 294,900 residents within a 3-mile radius, with a median household income of $117,500—well above the national average
Value-Add Opportunity: Strong in-place yield with occupancy and rental rate upside
Recent Major Upgrade: Owner recently spent $200,000 modernizing the elevator allowing operator to push occupancy/revenue to previous levels prior to elevator issues
The Self-Storage Group of Cushman & Wakefield has successfully closed the Arlington, VA Self-Storage Opportunity.
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