3 Property Portfolio: Three self-storage facilities included in the offering, all within a ±2-mile radius for operational efficiency.
Unit Count & Size: 276 total units with ±23,935 rentable square feet, including 28 climate controlled, 242 non-climate controlled, and 6 parking units.
Operational Efficiencies: All facilities are within close proximity, enabling centralized management and cost savings.
Market Supply: 3-mile radius supply is ±4.87 SF per capita; 5-mile radius supply is ±6.74 SF per capita.
Strong NOI: Current Net Operating Income is $177,215, supporting a 6.82% cap rate.
High Occupancy: Physical occupancy is 92.4% (255 out of 276 units occupied).
Renter Demographics: 53% of households in the area are renters, supporting storage demand.
Major Economic Driver: SB Energy is building the world’s largest AI data center in the county, projected to create 30,000 jobs.