Extra Space - Midland/Odessa Self Storage Portfolio_Property for Sale

Various locations

Extra Space - Midland/Odessa Self Storage Portfolio

Portfolio description

Extra Space has owned and maintained these nine properties for between three and ten years, which means that the facilities are not only the best quality assets in the market, but the best taken care of. An investor will not need to budget for large capital expenditures at any of the properties as the Seller has worked to keep each asset in its original condition to the best of their ability. When repairs and maintenance have been required at the assets, Extra Space has not cut corners or accepted lower quality work. A huge reason why these facilities have maintained mid-90% occupancies and continued to lead the Midland-Odessa Storage market.

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Attributes

Building area gross

72,743 m²

Number of buildings

Number of units

5,180

Occupancy

95%

Extra Space - Midland/Odessa Self Storage Portfolio (9 Properties)

Media

Investment Highlights

The Offering provides an investor the chance to acquire nine properties in the same densely populated MSA (average population of over 62,000 people in a 3-mile radius), a very rare opportunity to immediately become the market leader. In addition to adding value through scale, the investor will have the ability to heavily influence the market rental rates. In addition, this scale will be acquired in a strong Texas market, giving an investor an immediate foothold in the state with the largest population increase since the COVID pandemic. In addition to the strong population growth, the Texas economy as a whole has also boomed, as it is officially the eighth largest economy in the world.