Descrição

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to offer qualified investors the opportunity to acquire Brownsville, TX Self Storage (the “Property”), a recently delivered, Class A self storage facility located at 1795 Coffee Road in Brownsville, Texas. Opened in August 2023, the Property totals 86,279 net rentable square feet across 808 units and is third-party REIT managed by Extra Space Storage. Currently 96.8% physically occupied, the Property has had exceptional lease-up velocity since opening and has experienced ~40% YoY trailing revenue growth. With minimal downside risk, investors can acquire a well-located, REIT-managed asset generating strong day-one cash flow with additional revenue upside remaining through ECRIs and revenue management. Located in Brownsville, Texas, the Property is in one of the most economically dynamic border markets in the country, where SpaceX, the Port of Brownsville, and UTRGV are driving durable demand that positions the asset for long-term outperformance.

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