Alberta Five Property Self Storage Portfolio_Property for Sale
Alberta Five Property Self Storage Portfolio_Property for Sale
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Alberta Five Property Self Storage Portfolio

Portfolio description

Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) has been exclusively engaged by a joint venture between Harrison Street Real Estate Capital and Bluebird Self Storage (collectively the “Seller”) to offer qualified investors the opportunity to acquire the Harrison Street Alberta Self Storage Portfolio (the “Portfolio” or “Offering”), an institutional quality self storage portfolio comprised of five (5) highly attractive assets strategically positioned throughout Alberta. Totaling 329,919 rentable square feet, the Offering provides investors diversified scale in high-performing, affluent trade areas with strong existing cash flow. Currently 75% physically leased, the Portfolio features in-place cash flow combined with upside through physical stabilization and the implementation of more frequent ECRIs (Existing Customer Rental Increases).

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Attributes

Number of buildings
5
Building area gross
329,919 sf
Number of units
3,095
Occupancy
74.8%
Alberta Five Property Self Storage Portfolio (5 Properties)
Alberta Five Property Self Storage Portfolio (5 Properties)

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Investment Highlights

  • OPPORTUNITY FOR REVENUE GROWTH THROUGH ECRIS
  • IMMEDIATE SCALE IN AN UNTAPPED MARKET
  • HIGHLY STICKY TENANT BASE WITH ABOVE-AVERAGE LENGTH OF STAY
  • LACK OF SUPPLY AND NO NEW DEVELOPMENTS
  • SELF STORAGE - RESILIENT AND DEFENSIVE ASSET CLASS
Alberta Five Property Self Storage Portfolio 4_Property for Sale
Alberta Five Property Self Storage Portfolio 4_Property for Sale

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Last updated
16 Jan 2025