Storage Oklahoma 10 - Property

Self Storage Investment Opportunity

INVESTMENT HIGHLIGHTS

Stabilized 10-Property Institutional Portfolio
Portfolio Composition
- 610,924 RSF Storage
- 17,050 SF RV/Parking
- 61,359 RSF Expansion Under Construction
Strong Submarket Demographics
- Portfolio Avg. 3-Mile HHI—$89,825
- Portfolio Avg. 3-Mile Population—65,790
Locations in Oklahoma City, Norman, Moore, Edmond and Yukon
Professional Management Upside
All single-story drive up, Class A assets

PROPERTY DETAILS

Rentable SF: 610,924

Year Built: 1985-2021

Number of Units: 4,004 Current

Occupancy: 91%

Acreage: 44.1

Expansion SF: 61,359

GENERAL DESCRIPTION

Storage Oklahoma provides a rare opportunity to acquire a best-in-market, stabilized portfolio with significant upside for either a strategic entrance or to further solidify a presence in a top 45 MSA. With implementation of an aggressive tenant insurance strategy, in-process and future expansion, reduction of labor inefficiencies, implementation of a robust management platform and revenue management there are substantial opportunities to continue growing revenue and increase yield.

Oklahoma is a highly sought-after market for storage investment due to low property taxes, stable political environment and affordable cost of living. Oklahoma City has been proven to be a recession-resistant market 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. The properties are of institutional quality construction with minimal deferred maintenance and feature above market design concepts which further positions the properties to achieve top of market rental rates and occupancy.