Description

Jones Lang LaSalle (“JLL”), an exclusive advisor, is pleased to offer qualified investors the opportunity to acquire the Go Store It Southeastern 5-Pack (the “Portfolio”), a five-asset self storage portfolio strategically positioned across North Carolina, South Carolina, and Tennessee. The Portfolio totals 292,869 net rentable square feet across 2,305 units and is operated by Go Store It Management.

Currently 88% physically occupied and 75% economically occupied, the facilities have strong in-place cash flow and additional revenue upside as the T-3 revenue growth averages 8.5%. The five assets are in dense residential pockets characterized by strong demographics, with a portfolio-wide average population of approximately 78,500 residents and an average household income of approximately $114,500, within a 5-mile radius. The Portfolio benefits from zero facilities permitted or under construction across all five markets, providing meaningful supply-side protection as the facilities continue to increase ECRIs and implement revenue strategies.

This Offering presents investors with the opportunity to acquire a scaled portfolio across premier Southeast markets, with a clear pathway to revenue growth through continued revenue management execution with supply-side protection.

...