GMS Self Storage

• Two locations operated as one facility 0.4 miles apart totaling ±59,020 NRSF
• Currently 83% physically occupied under mom-and-pop management
• Attractive basis with a high going-in yield after adjusting for the property tax re-assessment
• Highly affluent surrounding demographics, with average household incomes exceeding $150K within a 5-mile radius
• Strong projected population growth of 1.50% within a 5-mile radius
• Mom-and-pop operated with minimal advertising, providing opportunities to enhance occupancy and revenue through professional management and targeted marketing initiatives
• Recent capital improvements, including asphalt seal coating in 2024 and two new gate systems installed in 2023
• Approximately $226M in residential development planned, representing more than 600 new residential units in the pipeline