Storage Sense (Managed)

• Expansion land still remaining with plans already drafted
• Very affluent trade area with average household incomes over $119k in a 3-mile radius and $98k median household incomes
• Strong median home values as well, north of $390k in a 1-mile, 3-mile, and 5-mile
• Minimal self-storage competition in a 3-mile radius of the facility
• The population in a 3-mile radius has grown at 5% annually since 2010 and 5.50% annually in a 5-mile radius
• Solid lease up since opening, with an expansion being completed very shortly after the first phase was opened
• Storage Asset Management (SAM) is projecting very strong rents at this location, with asking rates already north of $18.50 per foot
• 500+ new homes in the development pipeline within a 5-mile radius