SOLD 13-Property Oklahoma City MSA Self Storage Portfolio
GENERAL DESCRIPTION
This is a rare opportunity to acquire a top tier, stabilized portfolio with significant upside for a strategic entrance into a top 50 MSA, or further enhance an existing presence. With implementation of an aggressive tenant insurance strategy, leasing up the 113,000 RSF of two expansions scheduled to deliver in 2024, reduction of labor inefficiencies and continued revenue management, there remains significant opportunities to increase revenue and drive yield. An additional 24,335 SF expansion has been proposed but has not been started.
Oklahoma is a highly sought-after market for storage investment due to low property taxes, a stable political and pro-business environment and affordable cost of living. Oklahoma City has proven to be recession-resistant with an increasingly diversified economy, low unemployment and access to an attractive labor pool. This portfolio is positioned well in desirable markets with strong household incomes and population growth.
INVESTMENT HIGHLIGHTS
Stabilized 13-Property Institutional Portfolio
Portfolio Composition
668,938 RSF Storage
76,340 SF Enclosed Parking
61,905 SF Open Parking
113,000 SF Expansion Under Construction
24,335 SF Expansion Proposed
Strong Submarket Demographics
Portfolio Average 3-Mile HHI - $72,059
Portfolio Average 3-Mile Population - 53,752
Professional Management Upside
All single-story, drive-up, institutional-quality assets
Interlink Storage
9109 S. Bryant Ave
Moore, OK
Budget Mini Storage
816 W. State Hwy 152
Mustang, OK 73064
UstorageOK.com
801 E Main Street
Yukon, OK 73099
Melrose Lane
6590 Melrose Lane
Oklahoma City, OK 73127
PROPERTY DETAILS
Rentable SF: 698,938
Number of Units: 4,161
Acreage: 72.20
Expansion SF: 137,335
OCCUPANCIES (EXCLUDING EXPANSIONS)
Economic: 78%
Unit: 88%
Physical: 92%
Storage Lion
6401 N. I-35 Service Road
Edmond, OK 73034
Safe & Secure Mini Storage
1290 N. Mustang Road
Mustang, OK 73064
The Locker Room
8700 SE 29th Street
Midwest City, OK 73110
The Locker Room
3007 SW 59th Street
Okalahoma City, OK 73119
For more information please fill out our form or contact
Jared Jones, CCIM
Jones Investment Properties
(918) 948-3941
jjones@jonesinvre.com
Edmond Storage Locker
5625 N Broadway
Edmond, OK 73034
Tower Storage
1801 Tower Drive
Moore, OK 73160
Locker Room
1513 Czech Hall Road
Yukon, OK 73099
Sysco Self Storage
9208 NE 10th Street
Oklahoma City, OK 73130
Western Self Storage
6910 S Western Ave
Oklahoma City, OK 73139
