Lloyd Superblock
1380 NE Multnomah St, Portland, OR, 97232, US
18,332 m²
Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer qualified investors the opportunity to acquire the Five-Property Midwest Self Storage Portfolio, a collection of best-in-class self storage assets located in Cleveland, Milwaukee, Toledo, and Kalamazoo (Southwest Michigan). The Portfolio is made up of three recently delivered facilities that are currently in lease-up and two facilities that are currently under construction which will be receiving certificate of occupancy in the coming months. All five developments are conversion projects from big box retail spaces or industrial warehouses, and as such, are very well positioned within their respective markets with dense surrounding residential populations, high barriers to entry, and excellent accessibility. Currently 3rd party managed by CubeSmart and Extra Space, the properties provide an excellent opportunity to acquire a Portfolio of well-located, newly delivered self storage facilities with excellent revenue upside at a very attractive discount to replacement cost. The Offering is available for sale as a single portfolio, as sub-portfolios, or on an individual property basis.