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SOLD
Total NRSF – 193,555
4068 E Ft. Lowell Rd. Tucson, AZ 85712
5650 W. Coca Cola Pl. Tucson, AZ 85743
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The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the Stash Self Storage Near Me Portfolio opportunity in Tucson, AZ. The Stash Self Storage Near Me Portfolio represents an exceptional opportunity to acquire two state of the art self-storage facilities comprised of 193,555 rentable square feet that stretch over 8.28 acres of land. The facilities are strategically located at a 15-mile distance from each other in Tucson, AZ. The properties, Ft. Lowell and Continental Ranch opened in 2020 and 1994, respectively with a combined unit total, including climate, non-climate, and parking, of 1,759 units. Ft. Lowell was recently opened and already boasts physical and economic occupancies of 36% and 22% respectively. Continental Ranch is 96.6% physically stabilized, allowing an investor to push rates to increase the economic occupancy allowing for additional income. The properties utilize
24-hour video surveillance and electronic gating to guarantee secure storage.
The two properties in the Stash portfolio are ideally situated about 20 minutes’ drive time from each other allowing an investor the opportunity to establish a strong footprint within the desirable Tucson market. Both locations offer premium access to major thoroughfares. Ft. Lowell is located at 4068 E. Ft. Lowell Rd offers direct frontage. With direct traffic counts of over 31,500 per day, the Ft. Lowell location benefits from a limited competition within the immediate trade areas and offers prime frontage and direct visibility, ensuring maximal exposure. Continental Ranch, located at 5650 W Coca Cola Place, benefits from solid occupancies and room for rate growth in a market that boasts a median household income of $77,000, one of the strongest in Tucson.
The portfolio represents an excellent opportunity to acquire two prime storage facilities and gain a significant footprint within a growing market. Each property delivers multiple upsides with opportunities to capitalize on a rapid lease-up phase as demonstrated at Ft. Lowell and push rates at Continental Ranch in the near future. Presenting strong financial projections with cash-on-cash returns of 12.6 percent and 15.7 percent in years three and five, in addition to a levered IRR of 18 percent in year 5, the portfolio is an ideal storage investment to take advantage and position one’s self in Tucson’s continually growing market.
[/fusion_text][fusion_button link=”https://my.rcm1.com/handler/modern.aspx?pv=hrzmxGcAeanpO8wYTdJNa56F7JZdegEoXuR4ZSNh0rYE-6fJdvz7BerT13Z5uJYJL3QCkpycZRv6ipopuSOrMQ” text_transform=”” title=”” target=”_self” link_attributes=”” alignment=”” modal=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” color=”default” button_gradient_top_color=”” button_gradient_bottom_color=”” button_gradient_top_color_hover=”” button_gradient_bottom_color_hover=”” accent_color=”” accent_hover_color=”” type=”” bevel_color=”” border_width=”” size=”” stretch=”default” shape=”” icon=”” icon_position=”left” icon_divider=”no” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””]Click Here to View Offering Memorandum and Reports[/fusion_button][/fusion_builder_column][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][/fusion_builder_column][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][/fusion_builder_column][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container][fusion_builder_container hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” status=”published” publish_date=”” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” admin_toggled=”no”][fusion_builder_row][fusion_builder_column type=”2_3″ layout=”1_3″ spacing=”” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_image_id=”” background_position=”left top” background_repeat=”no-repeat” hover_type=”none” border_size=”0″ border_color=”” border_style=”solid” border_position=”all” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”” margin_bottom=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_code][/fusion_code][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]
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SOLD
NRSF – 445,494
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Cushman & Wakefield’s Self-Storage Advisory Group is pleased to offer the opportunity to acquire the Affordable Storage Portfolio (the “Properties”), a nine property self-storage opportunity totaling 436,184 net rentable square feet (“nrsf”) with locations in Florida, Georgia, and Tennessee. This offering provides a rare opportunity to acquire a value-add portfolio with scale and significant upside through leasing up the newly expanded sites and implementing revenue management, rate increases and added management efficiencies. The Properties are strategically situated in three adjoining states. Each of which has had over three million net migrations over the past 10 years and these numbers continue to grow. Florida and Georgia have seen extraordinarily high volumes of new population growth due in part to the suburbanization trends that have been playing out all across the country. The properties, which have been owner-managed, have been recently renovated and come with a balanced mix of storage, some light industrial, and a small component of retail space with prime road frontage. Expansion opportunities potentially include adding Boat / RV facilities, additional drive-up storage units, or portable storage units on the unused land included in the sale. In the current underwriting, these value-add options are not considered in the asking price but will provide the opportunity for even greater potential returns.
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SOLD
NRSF – 44,900
120 Elm Street Adairsville, GA
1002 Poplar Springs Adairsville, GA
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Cushman & Wakefield’s Self-Storage Advisory Group is pleased to offer the opportunity to acquire Storage Plus (the “Property”), a two-property self-storage opportunity totaling 44,900 net rentable square feet (“sf”) in Adairsville, GA. This offering provides a rare opportunity to acquire a value-add facility with significant upside in a growing market outside of Atlanta, GA The properties, which are managed in house by current ownership, consist of 311 units ranging in size from 25 to 640 sq feet. Expansion potential for the two locations includes adding additional drive up units or utilizing the undeveloped area for boat and RV parking, further expanding the potential revenue for the facility. Currently, the asset is operated with one onsite manager and the Poplar Springs location is operated as an annex. Under current management, there has been no investment in marketing or advertising. This is an opportunity for an investor to increase physical occupancy and revenue as well as improve market presence and visibility. The Property is located within the Oothcalooga Valley. Adairsville was the first Georgia town to be listed in its entirety on the National Register of Historic Places. The 5 miles around these locations boasts a projected 2020 – 2025 population growth rate higher than the national average at 1.7%, with average household incomes of $66,000.
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SOLD
NRSF – 82,520
1611 W Airport Road Lebanon, OR
1300 W Airport Road Lebanon, OR
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Under Contract
NRSF – 51,524
100 Mescalero Road NW
Albuquerque, NM 87107
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The subject property represents a well-maintained storage asset comprised of 51,524 rentable square feet on approximately 2.05 acres of land. The facility features 59 non-climate-controlled options and 4 rental parking spaces for a total of 63 units. The site was built in 2004 and is impeccably located in the heart of Albuquerque, New Mexico. The subject has excellent physical and economic occupancies of 100 percent and 82 percent, respectively, indicating a strong market for self-storage in one of the country’s flourishing business hubs. To ensure secure storage, the property utilizes a brand new, state-of-the-art security system and electronic gate access to ensure a secure premise. Additionally, the property recently underwent several capital improvements, LED lighting throughout the site, and a fully renovated office.
The site is situated in a thriving division of Albuquerque, with premium access to the area’s most frequented thoroughfares. The facility is accessible from 2nd St NW, which witnesses a traffic count of over 19,000 vehicles daily. Additionally, the site is approximately two miles (driving distance) from Pan American Freeway, a major roadway with a traffic count exceeding 200,000 vehicles daily. The facility is encompassed by several national retailers and major resources within the immediate vicinity, including Wells Fargo, USPS, Walmart, Walgreens, Domino’s Pizza, The Holiday Inn, and TownePlace Suites by Marriott, among several other popular destinations. The facility benefits from an average household income approaching $70,000 annually, surpassing the national
average. There are over 77,000 residents within three miles; the subject property serves as one of the premier storage options within the immediate trade area.
The facility represents an excellent opportunity to acquire an established storage asset in a thriving location of Albuquerque with multiple upsides. The facility will be primed for continued success as the area’s demand for storage remains consistent year over year; the subject’s strong occupancies are indicative of this desirable market. The subject boasts solid financial projections in the coming years, including cash-on-cash returns of 8.3 percent and 9.4 percent in years three and four, in addition to a levered IRR of 20.5 percent in year five. Additionally, an investor can capitalize by bolstering the current tenant insurance program and implementing truck rentals for further profits. The site encompasses the key components for the ideal storage investment with updated amenities, a centralized downtown location, and a consistent consumer base to ensure success in the current and future market.
Investment Highlights:
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SOLD
NRSF – 32,850
1915 US-98 N, Fort Meade, FL
5016 US-17, Bowling Green, FL
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Convenient Mini Storage, located in Fort Meade and Bowling Green, FL, is comprised of 32,850 rentable square feet. The properties are composed of 255 non-climate units and one parking space for a total of 256 units. The subject has current physical and economic occupancies of 98 percent and 90 percent respectively, which are indicative of the high demand for self-storage in the area.
Situated South East of Tampa, FL, in the Lakeland-Winter Haven MSA, Convenient Mini Storage is located at 1915 US-98 N, Fort Meade, FL and 5016 US-17, Bowling Green, FL. The sites benefit from an average household income exceeding $67,000. In 2018, the Lakeland-Winter Haven Metropolitan Statistical Area saw an annual population increase of 3.2%.
Convenient Mini Storage is a cash-flowing investment that offers multiple upsides. The facilities have minimal competition in an area and offer an investor the opportunity to acquire two stabilized properties with room to grow rental rates. Convenient Mini Storage has forward looking financials with cash-on-cash returns of 13.3 percent in year three and 16.1 percent in year five. Furthermore, this site has the opportunity to increase efficiencies and visibility through revenue and management improvement and a digital presence. Convenient Mini Storage is offered at $1,400,000.
Investment Highlights:
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SOLD
NRSF – 140,633
850 London Bridge Road
Lake Havasu City, AZ
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The subject property represents a well-maintained storage facility comprised of 140,633 rentable square feet on approximately 7.55 acres of land. The facility features all metal construction and offers 276 non-climate-controlled units, 11 drive-up units, 8 enclosed boat/RV spaces, 28 parking spaces and 9 spacious storage units for a total of 332 units. The site was initially constructed in 1971 and was expanded in multiple phases. The facility recently added a new 12,000 square foot building in July of 2020 to accommodate the highly active population in Lake Havasu City. The subject is stabilized with current physical and economic occupancies of 99.5 percent and 94.3 percent, respectively. To ensure secure storage, the property utilizes 24-hour video surveillance and electronic gating.
The subject property is impeccably located in the heart of Lake Havasu City, Arizona; a major vacation destination that is widely known as “Arizona’s playground” with impeccable shorelines and unrivaled natural resources. The facility has direct frontage along London Bridge Road and offers premium access to State Highway 95, which witnesses traffic counts of over 27,000 vehicles daily. Advantageously, the subject property is just 1.5 miles from downtown Lake Havasu City and approximately .25 miles from the Windsor Launch Ramp, which is one of the most popular launch areas in the city. Lake Havasu City is a recreational mecca for boating and water sports enthusiasts, bringing in millions of tourists on an annual basis. The subject property, along with the region’s competitors, maintain high occupancy levels ands low delinquencies due to the region’s strong demand for boat and RV storage.
The subject property represents an excellent opportunity to acquire a unique storage asset in a desirable location with multiple upsides. An investor can capitalize on a facility built to cater to the population’s recreational needs; Havasu Boat and RV Storage has a significant market footprint as one of the first boat and RV storage destinations within the city. The subject property boasts the most desirable waterway access, which is a major reason that the facility is fully occupied. The facility has forward-looking financial projections, including a cash-on-cash return of 9.2 percent in year three and a levered IRR of 18.9 percent in year five. Furthermore, the subject has completed major capital improvements over the last several years, including a keypad-controlled gate entry, exterior upgrades to all buildings, new LED lighting, security camera improvements and added surface stalls, totaling several hundred thousand dollars in renovations and upgrades.
Investment Highlights:
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SOLD
NRSF – 36,081
2229 E Ben White Blvd
Austin, TX
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StorWise Self Storage, located in Austin, TX, is comprised of 36,081 rentable square feet on approximately 2.21 acres of land. The facility was built in 1974 and is composed of 275 total units. The subject has current physical and economic occupancies of 78 percent and 91 percent, respectively.
Situated in Austin, TX, StorWise Self Storage is located at 2229 E Ben White Boulevard. Austin is one of the most desirable cities in Texas. The facility is situated south of the downtown area and benefits from an excellent average household income exceeding $76,000 within three miles of the site, far surpassing national mean. Business, software manufacturing, research and development, and biotechnology companies are among the city’s major employers. Austin is known for its extensive music scene, celebrating a variety of genres and is comprised of more than 100 live music venues. Additionally, the city is a popular moviemaking location, and is home to many companies associated with film.
StorWise Self Storage offers multiple upsides in the growing area of Austin, TX. This opportunity allows an investor to acquire a nearly-stabilized facility with considerable upside through rental rate increases and revenue management. The facility has forward looking financials with a cash-on-cash return of 10.7 percent in year three. Furthermore, this site has the opportunity to increase efficiencies and visibility through the implementation of professional management and a digital presence. StorWise Self Storage is offered at $3,700,000.
Investment Highlights:
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NRSF – 84,667
4325 Frontage Road, Oak Forest, IL 60452
The Chicago Metro Area
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Total NRSF – 105,743 NRSF
24314 The Old Road, Santa Clarita, CA
The Los Angeles Metropolitan Area
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