2022 vintage asset offering a modern facility profile with a meaningful value-add expansion component.
Physical occupancy currently at 72%, presenting a clear opportunity to increase lease-up and in-place cash flow through continued stabilization.
The site is approved for an additional 40,000 SF of storage, or approximately ±370 additional units, providing a defined path for future growth.
Continued expansion is projected to generate approximately $320,000 in additional gross revenue, supporting a compelling scale-up opportunity within the existing site plan.
Estimated construction costs of approximately $35/SF suggest an efficient basis for executing the approved expansion and enhancing overall revenue capacity.
Offered as a Disposition, the asset may appeal to investors seeking a newer vintage self-storage property with both near-term lease-up potential and embedded upside through approved expansion.