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Offering Price - Unpriced
Rentable Square Feet - 201,469
Number of Units - 1,675
Current Occupancy - Economic - 86% ; Physical - 90%
Offer Deadline - March 12, 2021
Stabilized Portfolio with History of Strong Performance – The portfolio is currently over 90% occupied with a history of consistently strong occupancy and revenue trends throughout the current operator’s 10+ year tenure. During this time additional units have been constructed at each of the properties, which were rapidly absorbed upon delivery.
High Quality, Well Maintained Portfolio – The offering provides an investor with a highly compelling, turnkey opportunity to acquire a well maintained self storage portfolio comprised of properties that lead their respective markets in terms of their overall quality.
Regional Accessibility – Alexandria International Airport provides robust air connections to the Central Louisiana region, with direct flights from Houston, Dallas and Atlanta. The airport is located approximately three miles northwest of the Windermere Boulevard property, approximately five miles northwest of the Lodi Road property and approximately 40 miles east of Leesville.
Economies of Scale – The proximal locations result in a portfolio that is easily integrated into an existing self storage portfolio or entrance into the Central Louisiana self storage market with scale.
Extra Space Self Storage is not affiliated with Extra Space Storage (NYSE: EXR)