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SOLD

NRSF: 67,518

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Acquire an established storage facility within the densely populated Atlanta metropolitan area. The ninth most populous metro in the nation, six million residents, currently call “The ATL” home. The population has grown a staggering 22 percent since the last census—and experts predict the resident count will swell to 8.6 million by 2050.

Cumming, GA, is a commuter town located less than 40 minutes from downtown Atlanta. This self-storage property serves the metro’s growing population with a convenient location just three miles south of the North Georgia Premium Outlets Mall. Completed in 2000, the 67,518 square-foot facility offers 582 secure, rentable units in a versatile size range with climate-controlled options available. The clean, well-kept structure accommodates boats, RVs, trucks, and trailers with ample parking options. The entire facility is protected by 24/7 coded gate access.

All in all, this sale presents a unique opportunity to secure a sizable, established  business in a rapidly growing metropolitan where self-storage remains in constant demand.

INVESTMENT HIGHLIGHTS

• Established self-storage business serving the Atlanta metropolitan area; the current population is 6 million.
• The facility offers a total of 67,518 square feet of space and 582 rentable units.
• The facility is just three miles south of a major outlet mall.
• Climate-controlled units are available.
• Parking options for boats, RVs, trucks, and trailers.
• Protected by 24/7 coded gate access.
• Physical occupancy is currently up to 98.1%, while economic occupancy is 79.51%.

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SOLD

NRSF: 104,131

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This offering presents the rare opportunity to obtain a recently constructed Class A, facility within the 5 boroughs of NYC. Recent changes in migration trends have highlighted the suburbanization of many major markets around the USA, with city dwellers moving from the urban core and relocating their families to suburbs in the surrounding communities. This opportunity provides the ability to capitalize on this new normal. The asset provides nearly 105,000 Net Rentable Square Feet in one of the nation’s most dynamic markets.

The REIT Managed Staten Island Self Storage is a four-story, Class A storage asset in in the Rossville-Woodrom Neighborhood of Staten Island. The facility, located at 22 Zebra Place, Staten Island, New York offers 104,131 net rentable square feet among 1,287 units. The facility, which opened July 2020, is strategically located in one of the wealthiest trade areas in the outer-boroughs. The average household income within 3 miles is $119,353. The REIT Managed Staten Island Self Storage offers tenants a wide variety of premium climate controlled, non-climate drive-up units, and lockers with easy access via a covered loading area. After only 18 months, the asset is 45% physically occupied. The expeditious lease up demonstrates high storage demand in this sub-market. This  opportunity to acquire a brand-new storage asset within its lease-up phase, allows an investor the ability to capitalize on superior returns upon stabilization.

NYC city planners continue to make Self-Storage more difficult to develop within the city. With the moratorium on development within Business District Zone, and an overall scarcity of land within the Boroughs, entitlements are exceedingly difficult to obtain placing upward pressure on rental rates.

One of the five  boroughs of New York City, Staten Island is located in the southwest portion of the city, adjacent to New Jersey, and bounded by the Lower Bay. The borough is home to 476,143 residents with more moving to the city every day. In the last seven years, Staten Island has seen a healthy 2.3% population growth. In 2018, the U.S. Census Bureau reported that Staten Island was the only borough to see an increase in the population. Amazon and Ikea warehouse distribution centers have recently opened on the island, and these facilities alone have created over 4,000 jobs to bolster the local economy.

INVESTMENT HIGHLIGHTS

• Premiere Class A institutional asset
• Significant Barriers to entry driven by lengthy/complex approval process
• 3 Superior returns upon stabilization
• Direct Visibility to The West Shore Expressway +64,000 VPD
• 14 years of Tax Abatement

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SOLD

NRSF – 20,618

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The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market for Downtown Self-Storage in Modesto, California.

The subject property represents a well-maintained storage asset comprised of 20,618 rentable square feet on approximately 0.32 acres of land. The facility
features 314 fully-climate-controlled options and one rental parking space for 315 total units. The site was built in 2017 and is impeccably located in the heart
of Downtown Modesto. The subject has current physical and economic occupancies of 98.4 percent and 62.62 percent, with ample room for growth. To ensure secure storage, the property utilizes a state-of-the-art security system and electronic gate code access, in addition to professional management and mailing/shipping services for consumer convenience.

The subject property is situated in the center of Downtown Modesto, California, with premium access to the area’s most frequented thoroughfares. The facility is accessible from 9th Street and L Street, which witness traffic counts of over 18,000 and 16,000 vehicles daily. Additionally, the site is approximately half a mile from Golden State Highway, a major roadway with a robust traffic count exceeding 133,000 vehicles daily. In addition to excellent vehicle traffic, the facility is encompassed by several national retailers and major resources within the immediate vicinity, including DoubleTree by Hilton, Wells Fargo, Bank of America Financial Center, U.S. Bank, Starbucks, McDonald’s, Modesto Junior College, and the internationally renowned E&J Gallo Winery, among several  other popular destinations. Furthermore, there are over 135,000 individuals within three miles of the facility with a renter-occupied population at nearly 40 percent. Downtown Self Storage Modesto serves as the premier storage option within the immediate trade area.

The subject property represents an excellent opportunity to acquire a state-of-the art storage asset in a centralized location with multiple upsides. The facility will benefit from the swelling population and limited competition within the immediate trade area. Additionally, an investor can capitalize by continuing to grow the economic occupancy and bolstering the current tenant insurance program for further profits. Downtown Self Storage Modesto encompasses the ideal components for the ideal storage investment with premium construction and amenities, a centralized downtown location, and a dense population within three miles of the site.

Investment Highlights

• Premium Storage Asset with Multiple Upsides in the Heart of Downtown Modesto, California
• Over 135,000 Individuals Within Three Miles and a High Renter Occupied Population Approaching 40 Percent
• Facility Construction Consists of 100% Poured-in-Place Concrete with Steel Frame Additions
• Benefits from Low SF Per Capita
• Limited Competition Within the Immediate Vicinity and Serves as the Only Class A Climate-Controlled Option in the Trade Area
• Convenient Access to the Region’s Major Thoroughfares and a CBD Location in Proximity to Businesses; Only CBD Self Storage Asset in the Area
• Across the Street from a High Traffic Grocery Store and Surrounded by Several National Retailers and Major Resources, Including the E&J Winery, One of the Largest Winemakers in the World
• State-of-the-Art Construction and a Centralized Location with Strong Demographics Comprise the Ideal Storage Investment for Years to Come

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SOLD

Price: Market Bid

NRSF: 92,846

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The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale properties located near Charlotte, NC—one of
the most densely populated cities in the South. The portfolio encompasses up to 92,846 square feet with 788 rentable units in high-visibility locations along major roadways. This presents a unique opportunity to acquire three (3) established self-storage projects in urban clusters throughout the Carolinas.

The first property is in Chester, SC, at 1840 J A Cochran Bypass. Easily accessible from Hwy 9, this established self-storage facility serves residents of Chester and the surrounding cities of Gayle Mill, Richburg, and Eureka Mill. Here, storage is streamlined with features like drive-up units. Personal belongings are protected by electronic gate access and around-the-clock video surveillance.

Less than an hour away, the 903 W Main St property offers convenient self-storage options for Forest City, NC residents. The largest municipality in Rutherford County, Forest City is home to Isothermal Community College. For students, residents, or even local businesses, this facility offers options for every storage need, including parking spaces for cars, boats, and RVs. What’s more, the well-lit property is safeguarded by electronic gate access and security  cameras.

Lastly, the 715 York Rd location serves suburban Charlotte, NC, metro residents. The property is in Kings Mountain, just off of Interstate 85. Built in 1978, the well-maintained structure caters to modern tenants with features like 24-hour access, drive-up storage, options for RV parking, and 24/7 surveillance.

In total, this portfolio offers the opportunity to acquire three facilities in Southeastern communities with steady self-storage demands, resulting in excellent  yields.

OFFERING HIGHLIGHTS

• Three established properties are located near Charlotte, NC, the most extensive metro area in the Carolinas.
• High-visibility locations with easy access and high traffic counts.
• The portfolio offers a total of 92,846 rentable SF and 788 rentable units.
• Properties are outfitted with features like drive-up storage and video surveillance.
• Physical occupancy is currently up to 87%, while economic occupancy is 71.94%.
• In total, the portfolio offers considerable upside in management, operations, and revenue enhancement.
• The cell tower and carwash at the Forest City location provide significant additional cashflow.
• Potential for expansion at the Forest City and Kings Mountain Locations.

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SOLD

Price: Market Bid

NRSF: 88,849

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Acquire an established self-storage property located in the heart of Fort Lauderdale. Considered “The Venice of America,” Fort Lauderdale is a major player in the boating and tourism industries. However, due to lower business costs and year-round sunshine, Fort Lauderdale has become a draw for a wider span of  industries. The job market grew by 1.9% over the last year, and future job growth over the next ten years is predicted to be 37.9%, outperforming the US
average of 33.5%.

This 88,849 square-foot facility is on NW 1st Ave between NW 4th St and NW 5th St, just south of the famous FAT Village Arts Center. Built in 2009 and  expanded in 2018, the modern facility offers 943 units, including a range of storage units and lockers, climate-controlled storage, and even vehicle storage. The structure is equipped with security measures like video surveillance, secure floor access, and electronic gate access with personalized entry codes to protect belongings.

As the densely populated Miami metropolitan area expands, more affordable cities like Fort Lauderdale draw new residents. The sale of this property allows a savvy investor to acquire a new business in a growing area where self-storage remains in constant demand.

OFFERING HIGHLIGHTS

• Fort Lauderdale is considered a principal city within the fast-growing Miami metropolitan area, which has a  population nearing 6.2 million.
• This high barrier to entry market features strict permitting restrictions that limit the number of new self-storage developments in the RAC-CC, RAC-AS, RAC-UV, RAC-RPO, & RAC-TMU zoning districts.
• A modern structure that was completed in 2018.
• The 88,849 square-foot facility is equipped with 943 rentable units, including lockers, climate-controlled options, and vehicle storage.
• Physical occupancy is 98.0%/97.2%, while economic occupancy is at 70.68%.
• Potential value-add opportunity to convert the monthly parking area into traditional storage.
• It is conveniently situated between NW 4th St and NW 5th St, just south of the popular FAT Village Arts Center.

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SOLD

NRSF: 93,350

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This property represents the rare opportunity to acquire a Class-A, ideally located facility in Maricopa, where the net rentable per capita is 6.71. At the same time, the household income exceeds $77,000 within a three-mile radius. Opening its doors in March of 2021, the property has already surpassed 68% physical occupancy proving to be one of the fastest stabilizing new builds within this market. Comprised of 93,350 net rentable square feet, including 916 climate-controlled units, this facility features drive-in access, allowing customers the luxury and comfort of unloading during Arizona’s summer heatwaves. As mentioned, the property boasts a current physical occupancy of 71%, while the economic occupancy is 49.1% allowing an investor to realize a tremendous amount of upside. The property utilizes a 24-hour video surveillance system and electronic gating to guarantee secure storage.

The property itself sits just off N John Wayne Pkwy, which boasts 32,541 cars per day and provides exceptional visibility from the north and south sides of the major roadway. Located in Pinal County, Maricopa resides just 35 miles south of Phoenix and has seen y-o-y population growth of 2.5% over the last ten years within a 3-mile radius of the facility. Additionally, the city has seen steady permit growth, with 1,679 single-family home permits being issued year to date, up from 1,512 last year. With the growth of single-family homes, developments come the nuance of the single-family home rentals. Maricopa is beginning to plan for that, and developers continue to purchase land for multifamily and single-family rental products.

The facility represents an excellent opportunity to acquire an almost stabilized, new Class-A property within an aggressively growing Maricopa market. With some of Arizona’s most robust rental rates, the low square foot per capita, high median household incomes, and aggressive occupancy growth, this is an ideal investment within a growth market boasting minimal room for new competition.

OFFERING HIGHLIGHTS

• Open March 2021 – already 71% physically occupied
• Class-A, 3 story, 916 CC unit facility with Drive in loading and unloading access
• 6.71 net rentable within a 3-mile radius with median household income exceeding $77K
• Maricopa has seen steady y-o-y population growth of 2.5% over the last 10 years
• City has seen 1,679 single family home permits issued year to date

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SOLD

NRSF: 79,704

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The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to sell a Public Storage Managed facility in Sacramento, CA.

This offering represents an exceptional opportunity to acquire a state-of-the- art facility comprised of 79,704 rentable square feet stretching over 5.5 acres of land. The property features 862 climate-controlled units and 64 Boat/ RV Parking units. The owners have secured permit-ready city approvals for expanding the Boat/RV parking to add 31 additional spaces. The well-maintained facility is equipped with 24-hour video surveillance to ensure a secure premise.

Situated in the heart of North Sacramento, this REIT-managed property benefits from solid demographics with a population of 126,183 within 3-miles while only seeing a per capita self storage supply of 6.25. The property boasts a physical occupancy of 94% while allowing an investor to realize a tremendous amount of rental upside by increasing the current economic occupancy of 72.12% and utilizing the future additional 31 Boat/RV spaces. Additionally, the clear heights within the interior of the facility would allow for an additional floor of internalized self storage units for future expansion.

Converted to self -storage in 2018, the facility has outstanding frontage visibility off Pell Circle, which sees 142,800 cars per day. The subject’s prime location within the North Sacramento neighborhood will allow consistent growth and stability. This Class-A property features superior construction and a wide variety of options to meet the region’s high demand for self-storage. The fully climate-controlled facility offers an investor the opportunity to garner a strong footprint within a highly sought-after market where the average household income pushes $73,000. An investor will see day one positive cash flow and will benefit from the substantial increases in returns simply by bringing rents to market and stabilizing the additional parking spaces. Additionally, due to the existing ceiling height there may be an opportunity to add a second floor and dramatically increase the net rentable square footage.

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SOLD

NRSF: 83,166

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Take advantage of the opportunity to acquire three established self-storage properties located in the famed New Orleans metropolitan area. The sprawling Southern metro recently reached 1,271,845 residents—population growth of 12.97% from the last census. Now at 80% of its pre-Hurricane Katrina population levels, New Orleans is on pace to make a full recovery over the next few years.

The first of these New Orleans self-storage facilities are conveniently located just a few miles from downtown. Built-in 2017, the 45,478 square-foot structure easily accommodates residents and nearby students with 602 units. A bit further out, the Lake Charles self-storage property serves suburban residents and McNeese State University students with 377 various-sized units occupying a clean, modern 33,688 square-foot structure. Finally, along the banks of Bayou Lafourche, the Thibodaux property offers secure, convenient storage for the rural population with 4,000 square feet of space and 36 rentable units.

Overall, this sale presents a rare opportunity for a savvy investor to acquire three established businesses in the “Big Easy” metro area, where self-storage demand grows seamlessly as the city continues its steady path to recovery.

Investment Highlights

• Three established businesses serve the New Orleans metro area, home to 1.27 million residents.
• High-visibility locations with easy access from major roadways.
• All facilities are located within minutes of colleges and universities.
• Properties offer a total of 83,166 rentable SF and 932 rentable units.
• High-quality, well-maintained facilities were built in 2017 and 2007.
• In total, the Portfolio provides considerable upside in management, operations, and revenue enhancement.

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SOLD

Price: Market Bid

NRSF: 56,452

[/fusion_text][/fusion_builder_column][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=””]

Take advantage of the opportunity to acquire a brand-new storage facility in the bustling Atlanta metropolitan area. Atlanta is the ninth most populous metro area in the United States; 6 million residents call “The ATL” home. Mableton, the metro’s most prominent unincorporated census-designated place (CDP), is less than half an hour from downtown Atlanta. With a population of 40,834, it is the Atlanta metro’s largest CDP.

Atlanta’s well-educated workforce and affordable costs of doing businesses continue to draw new entities to the area. Most recently, Meta (formerly Facebook) announced that it would make a $1 billion investment in its data center campus outside Atlanta.

With a steady influx of new residents, self-storage is in near-constant demand. The Mableton self-storage property offers convenient storage for the metro’s growing population with an accessible location near the intersection of Veterans Memorial Hwy SE and Buckner Rd. The 56,452 square-foot facility includes 505 rentable units, ranging from 25 to over 300 square feet. The total square footage also includes 2,800 square feet of office space which will lease for $25-$30 per square foot. Completed in 2021, the modern structure is built with convenience features like climate-controlled options and drive-up storage. For tenants’ safety and belongings, the facility is also equipped with advanced security measures like video surveillance.

In short, this sale presents a unique opportunity to secure an all-new facility specially designed for the storage needs of modern tenants in a densely populated metropolitan area.

Investment Highlights

• Brand-new facility serving the Atlanta metropolitan area; the current population is 6 million.
• The facility offers a total of 53,652 square feet of of storage space and 505 rentable units.
• Convenient location near Veterans Memorial Hwy SE and Buckner Rd, across from Dunkin.
• Climate-controlled units are available.
• Drive-up units are available.
• Protected by advanced security measures, including video surveillance.
• Facility opened in late April 2021 and is +70% leased in just over 6 months.

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SOLD

NRSF: 67,433

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The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors for the sale of Buffalo Storage. Located in Las Vegas, one of the most sought-after self-storage regions in the nation, this mom & pop-owned facility offers steady in-place cash flow. It allows an investor to realize several substantial value-add opportunities.

Buffalo Storage represents the rare opportunity to acquire an exceptional infill self-storage property comprised of 67,433 net rentable square feet and includes 598 total units. The property boasts a physical occupancy of 95.8% while allowing an investor to realize a tremendous amount of upside by taking advantage of multiple income streams as well as increasing its in-place rents to market. The property fronts on Buffalo Dr., which sees 19,000 cars per day. Buffalo Storage utilizes a very prominent monument sign and adjoins a heavily traveled retail center, increasing its excellent visibility. The property uses a 24-hour video surveillance system and electronic gating to guarantee secure storage.

Built-in 1996, the facility is ideally located on the west side of Las Vegas, which sees some of the most robust rental rates across the entire state. Less than 3 miles east of I-215, Buffalo Storage consists of 391 climate-controlled units, 177 drive-up units, and 30 Boat/RV Covered parking spaces. In addition to storage units, the property garners income from an on-site cell tower and a 640 SF additional office.

The facility represents an excellent opportunity to acquire a long-established, well-performing, infill-located facility boasting a 3-mile population of 181,093 people. Buffalo Storage offers multiple upsides with opportunities to realize incredible rental rate growth, cell tower, and office rental income. This facility represents an ideal investment within a growth market boasting little room for new competition.

Investment Highlights

• Located in one of the strongest rental rate markets within the Las Vegas MSA
• 67,433 net rentable which includes 391 CC units, 177 drive up units and 30 Boat/RV spaces
• Tremendous value add opportunities including increasing well below market rents
• 3 mile population of 181,093 people
• Cell tower and office rental income bolster the in-place cash flow
• Strong physical occupancy of 95.8% with major room to push economic occupancies

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