5-Property Midwest Self Storage Portfolio_Property for Sale
5-Property Midwest Self Storage Portfolio_Property for Sale
Various locations

5-Property Midwest Self Storage Portfolio

Portfolio description

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.

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Attributes

Building area gross
40,273 m²
Number of buildings
5
Number of units
3,266
5-Property Midwest Self Storage Portfolio (5 Properties)
5-Property Midwest Self Storage Portfolio (5 Properties)

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Investment Highlights

  • RECENTLY DELIVERED, CLASS A CONSTRUCTION
  • ATTRACTIVE DISCOUNT TO REPLACEMENT COST
  • SIGNIFICANT REVENUE UPSIDE THROUGH LEASE-UP
  • STRATEGICALLY LOCATED WITHIN ATTRACTIVE REAL ESTATE TAX ENVIRONMENTS
  • STRONG REVENUE MOMENTUM
  • WELL POSITIONED WITH EXCELLENT TRADE AREA DEMOGRAPHICS AND ACCESSIBILITY
5-Property Midwest Self Storage Portfolio 4_Property for Sale
5-Property Midwest Self Storage Portfolio 4_Property for Sale

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Last updated
11 Oct 2024