Hosford Self Storage

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer qualified investors the opportunity to acquire Hosford Self Storage (the “Property”), a 2018 vintage, Class A self storage facility in Portland, Oregon. The Property, consisting of 87,597 square feet across 1,086 units, is currently 91% leased. Current ownership recently transitioned operators from Central Self Storage to Public Storage, allowing for cost efficiencies, increased drive-by appeal, and economies of scale in marketing. Since July-23, the first month of Public Storage management, storage rental revenue is up by 34%. The Property is strategically located less than one mile north of the intersection of the heavily trafficked thoroughfares of Oregon Route 99E and U.S. Route 26 with frontage along Division Place. The facility, opened in July of 2018, draws from a strong trade area featuring a 3-mile surrounding population of almost 220K people with an average household income of over $132,000. This offering provides investors the opportunity to purchase a stabilized self storage asset in a densely populated area just minutes from downtown Portland and cash flow the asset while increasing in-place rents to drive value and generate outsized returns.