Just Storage

• ±77,930 net rentable square feet of climate-controlled storage in downtown Tulsa
• Attractive returns projected at stabilization, along with a low basis for all climate-controlled product
• Very favorable supply dynamics with only 5.12 square feet per capita in a 3-mile radius and 6.04 in a 5-mile radius of the facility
• Significant room to improve performance given occupancy at 67% and only $14,400 being spent in advertising annually
• 52.2% of trade-area households rent versus own, with an average household income of $78,433
• Over 1,785 new apartment units and 843,900+ SF of residential development are underway or recently delivered within three miles of the site
• Population growth in the last five years of 2.2% annually in a 3-mile radius, with growth projected at 0.90% annually for the next 5 years.
• Anchored by American Airlines’ Tulsa maintenance base — the largest in the world — and a broader aerospace sector employing 46,000+ across 250+ companies with an $11B annual economic impact
• The City of Tulsa’s Amended Downtown Area Economic Development Project Plan targets $600 million in new investment and a 10% walk-score increase in the metro