investment highlights
- LOCATION & SUPPLY // The three-mile trade area features only 6.40 square feet of self-storage per capita. The property is adjacent to the Twin Lakes Country Club Community and the historic Las Vegas Golf Club, Clark County’s oldest course.
- HIGHLY VISIBLE // 24-7 Automated Storage is on Vegas Drive, which serves over 9,300 vehicles per day, and just off Rancho Drive which serves over 43,500 vehicles per day. The property also has prominent signage and great curb appeal.
- REVENUE UPSIDE // Management recently reduced rental rates dramatically to drive occupancy, and this effort was successful. Now that units are occupied, a new owner will have the benefit of managing revenue to bring rates back to market, significantly improving the returns of the property.
- DEMOGRAPHICS // 172,981 people live in a three-mile radius, with the population expected to grow four percent over the next five years. There are over 61,000 households with an average income of just under $73,000.
property summary
24-7 Automated Storage is a 222-unit, 28,184 net rentable square foot self-storage facility located in Las Vegas, Nevada. The property sits on around 1.74 acres of land, was initially constructed in 2004 and contains four single-story self-storage buildings with 197 drive-up units.
24-7 Automated Storage has many amenities including a gated entry with a digital keypad, an onsite management office in front of the entrance gate, 24/7 video surveillance throughout the facility, concrete driveways, and units with roll-up doors.
The facility is centrally located in Las Vegas with excellent visibility from Vegas Drive and over 9,000 passing vehicles per day. There are major drivers in the immediate area such as Las Vegas Golf Club, 7-Eleven, Walgreens, McDonald’s, and O’Reilly Auto Parts to name a few.
