Storage Brothers

• Mom-and-pop operated, presenting upside in operations through rental rate increases and ancillary income streams
• Limited online presence but the property still maintains 88%+ occupancy
• Current rental rates are 20-30% below market when comparing to nearest competitors
• Extremely low supply in a high barrier to entry market – 4.75 SF per Capita within 3 miles, 5.05 with 5 miles.
• Dense trade area with over 90,000 people living within 3 miles and over 240,000 living within 5 miles.
• Population growth of 3.1% in the last 5 years
• Over $9.6 Billion in the housing development pipeline within 5-miles of the property (according to TractIQ)
• Projected returns north of 9.50% in Year 3 and north of 10% in Year 4