investment highlights
- STRONG RESIDENTIAL DEVELOPMENT // Within two miles of the property, there are master planned communities under development by homebuilders such as D.R. Horton, Lennar, Richmond American Homes, and Century Communities. In addition to the single-family development, there are 1,689 apartment units under construction or planned in the three-mile radius.
- UPSIDE POTENTIAL // Additional revenue can be achieved by increasing occupancy from 79 percent up to the market average of 90+ percent through increased online visibility, hands-on management, and an enhanced revenue management platform.
- BELOW MARKET RENTAL RATES // The subject property advertised rates are significantly below the advertised rates of their competitors and achieved rates range from 31 percent to 100 percent below the market high.
- DEMOGRAPHICS // 264,950 people live in a five-mile radius, with the population expected to grow six percent over the next five years. There are over 102,500 households with an average income of $91,850.
property summary
24-7 Automated Storage Henderson is a 230-unit, 29,900 net rentable square foot self-storage facility located in Henderson, Nevada. The property sits on approximately 1.51 acres of land, was initially constructed in 197. It contains nine single-story self-storage buildings with all units drive-up accessible.
24-7 Automated Storage has many amenities including electronic gated entry with a digital keypad, a professional leasing office, kiosk, and video surveillance throughout the facility, asphalt driveways, and metal roll-up doors throughout.
The facility is located in North Henderson off North Boulder Highway which serves over 21,000 vehicles per day. There are major drivers in the immediate area such as the $1.2 billion Google Data Center, and various auto related and industrial outlets. Henderson is a growing community with robust residential development and strong storage fundamentals and average household incomes exceeding $91,000 a year.
