• Extremely strong occupancy of 96%, despite mom-and-pop ownership and management
• Rental Rates are 20%+ below market, presenting immediate revenue upside upon acquisition
• Upside in Economic Occupancy as well, as it lags 21% behind square footage occupancy
• Room for expansion in the parking lot of the Belleville location
• Affluent sub-markets both with over $90k in average household income in a 3-mile radius
• Strong historical occupancy of 90%+ leading to multiple expansions over the years
• Located in the St. Louis MSA – the 20th largest MSA in the country