Jacksonville Secure Storage

• Rare assumable CMBS financing: an existing ~$1.99M loan at a 4.275% fixed interest rate which may be assumed by a qualified buyer, offering materially below-market debt with a 30-year amortization schedule and roughly five years of term remaining (expiration November 2031)
• Strong performance YTD with occupancy increasing from 83% to over 90% today
• Favorable market saturation at 9.63 SF per capita within three miles and just 6.61 SF per capita within five miles
• No self-storage facilities in the development pipeline within a five-mile radius (TractIQ)
• Excellent frontage, visibility and access off of Pelham Road with traffic counts of ±22,600 VPD
• Well-maintained facility originally constructed in 2018 and expanded in 2021