Going-in yield with substantial upside remaining – listed at a 7.55% current cap rate despite 58% current occupancy.
Attractive stabilized returns with the Year 2 cap rate projected at 12.10% and Year 4 at 12.90%.
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 $60.44 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.

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Simpli Stored Self-Storage