Secure & Go Storage – 6 Property Portfolio

• Low supply across the portfolio, with single-digit square feet per capita at the Holland, Portage, Kalamazoo, and Zeeland locations.
• Very attractive price per square foot at pricing guidance, offered below replacement cost today
• The portfolio is privately owned and managed by a small in-house staff overseeing more than 400,000 NRSF within 50 miles, presenting meaningful upside in operations across the board.
• More than 120 residential developments are underway within 5 miles of the portfolio’s facilities, representing over $3.7 billion in estimated value (per TractIQ).
• Significant expansion opportunity exists at the portfolio’s Byron Center, Zeeland, Holland, and South Haven locations.
• The Seller has invested over $1 million in capital improvements across the portfolio within the last two years
• Ancillary income presents substantial upside across the portfolio, as the seller implemented the tenant insurance program only one year ago and collects minimal revenue from admin fees and late fees
• Solid population density throughout the portfolio, with over 100,000 people living within 5 miles of the Kalamazoo, Portage, and Byron Center locations.
• The seller spends only $4,000 per month on advertising across the six locations with physical occupancy currently at 66% and economic occupancy at 60% – presenting very attractive returns at stabilization
• In Grand Rapids, REIT operators control only ~20% of the square footage, leaving limited institutional competition and meaningful room for a professionally managed operator to capture market share.
• Grand Rapids sits in Michigan’s fastest-growing metropolitan area, having added 33,600 residents since 2020 with no pandemic-era population loss; Kent County posted the largest numeric population gain of any Michigan county in 2024–25 and is projected to grow 13% through 2050 while the state overall declines.
• Grand Rapids has over $3.5 billion in development recently announced or underway, including Corewell Health’s $1.3 billion, 780,000 SF Butterworth Hospital expansion; the $795.8 million Fulton & Market riverfront project delivering 670 housing units; the $184 million Acrisure Amphitheater, which opened in May 2026; and the $175 million Amway Stadium, delivering in spring 2027.
• In Kalamazoo, there are zero REIT operators within the five-mile trade area, and only 10 of 20 operating facilities offer climate-controlled product
• Kalamazoo is home to Pfizer’s Portage campus, the company’s largest manufacturing facility in the world, with approximately 3,000 employees, over $1 billion invested on site, and an estimated $3 billion in annual local economic impact, as well as Stryker’s global headquarters.
• Kalamazoo is seeing rent growth of 4.3% to 6.0% annually from a base 33% below the national average, providing meaningful room for continued rental rate growth
• Southwest Michigan, home to Kalamazoo, has attracted $8.6 billion in regional capital investment, including Ford’s BlueOval Battery Park in Marshall (35 minutes east), which began production in 2026 and targets 1,700 jobs.