Simpli Stored Self-Storage

• Going-in yield with substantial upside remaining – listed at a 7.11% current cap rate despite 55% current occupancy.
• Attractive stabilized returns with the Year 2 cap rate projected at 11.50% and Year 4 at 12.29%.
• High income sub-market with average household incomes over $130k in a 1-mile radius and over $98k in a 3-mile radius.
• Below replacement cost offering at $62 per foot at list price.
• Very minimal ancillary income being produced, presenting opportunity to implement these revenue streams quickly.
• Ownership recently converted select 15×25 units into smaller 15×15 and 5×15 layouts, increasing gross potential income and creating an easier path to stabilization by adding more high-demand units.