Fortress Self-Storage
Investment Opportunity

Eight (8) facilities totaling 451,237 RDF
Properties are well-lighted, have gated access and have 24-hour camera surveillance

This 8-Property Fortress Self Storage Portfolio offering is a 451,237 rentable square feet value-add portfolio consisting of five (5) properties located in Enid, 1 property located in Shawnee and 2 properties located in Yukon, Oklahoma. The assets are a combination of on-site manager and remotely managed facilities providing an attractive amount of scale for a secondary/tertiary market opportunity with relatively no REIT or national 3rd party manager presence. Both facilities are equipped with PTI control system gate access and security cameras. The cumulative parcels measure a combined 27.35 acres. The opportunity provides further upside through a combination of realistic strategies:

• Effective tenant insurance sales strategy (sold less than $500 total in 2019 across the almost 1,900 unit portfolio)

• Select customers are rolling off specials and will have rate increases implemented in October. This will increase annualized revenue by approximately $58,000 in 2020

• Significant room for conversion of open parking to storage

Considering the immediate scale, price per SF below replacement cost, attractive in-place yield with realistic room for improvement, high barriers to entry based on market rental rates and construction costs, this is a compelling value-add portfolio.

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