Honey Badger Self Storage

2021- asset offered at an attractive basis of $40 per NRSF, representing an opportunity to acquire the property below estimated replacement cost.
Significant ancillary income upside remains available through the implementation or optimization of revenue streams such as tenant insurance, administrative fees, and late fees.
Operational upside exists through the introduction of professional third-party management, which may improve efficiency, leasing execution, and overall revenue capture.
The property presents a clear lease-up opportunity, with current physical occupancy at 73%, allowing an investor to drive performance through increased utilization. Upon achieving Year 3 stabilization, the investment is projected to generate an 8.68% cap rate, supporting an attractive yield profile.
The offering presents the potential for stabilized IRR returns exceeding 23%, reflecting meaningful upside through operational improvement and occupancy growth.

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