Devon Self Storage (Managed) 5 Property Portfolio

investment highlights

PORTFOLIO OVERVIEW // Devon Self Storage (Managed) 5 represents a geographically diverse, high quality self storage portfolio consisting of five facilities strategically positioned across major U.S. markets from Washington, D.C. to Chicago and extending through Oklahoma and Texas. Together, the assets comprise approximately 3,000 units and 360,000 rentable square feet, offering a balanced mix of climate controlled and non climate controlled units, with the majority featuring convenient drive up access that supports strong tenant demand and operational efficiency.
EXPANSION POTENTIAL // Two facilities include meaningful excess land, providing a clear runway for future development and NOI growth. Notably, the Sterling, Virginia property is already planned for an expansion of approximately 30,000 additional rentable square feet—an immediate value creation lever for a new owner.
MARKET POSITION // All assets are located within top 50 U.S. MSAs—including Dallas–Fort Worth (ranked 4th), Chicago (ranked 3rd), and Washington, D.C. (ranked 8th) and Austin (ranked 28th)—placing the portfolio squarely within some of the nation’s strongest, most liquid, and institutionally favored storage markets. These locations benefit from robust population density, economic diversity, and durable storage demand.
EXCELLENT DEMOGRAPHICS // The growing three mile trade areas boast average household incomes exceeding $102,000, supported by a strong population base of roughly 149,000 residents and 67,000 households. These fundamentals reinforce durable demand and long term stability for the asset.
VALUE-ADD UPSIDE // With physical occupancy currently around 80 percent, the portfolio offers substantial opportunity for a new operator to drive NOI through lease up, revenue management, and improved operational execution. Combined with expansion potential and strong market fundamentals, the portfolio presents a compelling value add investment thesis.

Broker Information

Charles "Chico" LeClaire

Executive Managing Director

Phone: 303.328.2025
Email: cleclaire@marcusmillichap.com
License: CO EA00147681

Adam Schlosser

Senior Managing Director

Phone: 303.328.2044
Email: aschlosser@marcusmillichap.com
License: CO FA100050407

Steven Weinstock

Illinois Broker of Record

Phone: 630.570.2200
Email: sweinstock@marcusmillichap.com
License: 471.011175

Brian Hosey

Virginia Broker of Record

Phone: 202.536.3700
Email: bhosey@marcusmillichap.com
License: 0225247494

Tim Speck

Oklahoma & Texas Broker of Record

Phone: 972.755.5250
Email: tspeck@marcusmillichap.com
License: OK 149994 & TX 9002994

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CONFIDENTIALITY AGREEMENT

THIS CONFIDENTIALITY AGREEMENT (“Agreement”) is made and agreed to by and between The LeClaire-Schlosser Group and Marcus & Millichap Real Estate Investment Services of Denver (“Broker”), exclusive listing broker for the Property, and “Buyer” regarding the property known as DEVON STORAGE 5 PROPERTY PORTFOLIO. The obligations of confidentiality undertaken pursuant to this Agreement shall survive the terms of the Broker’s listing agreement with the Owners.

BUYER HAS REQUESTED information from Broker for the purpose of evaluating a possible acquisition of the Property. Much of the information to be provided is non-public, highly confidential and/or proprietary in nature (collectively “Information”) and is being disseminated only to those potential buyers who sign this agreement.

THE PARTIES AGREE, in consideration of the covenants and agreements contained herein, as follows:
1. Non-disclosure of Information: Buyer will not disclose, permit the disclosure of, release, disseminate or transfer any of the Information obtained from Broker or Owner to any other person or entity except as permitted herein. If Buyer is a corporation, partnership, limited liability company, investment trust, or other non-natural legal entity, the person(s) signing this Agreement on its behalf will take all appropriate precautions to limit the dissemination of the Information only to those persons within the entity who need to know the Information, and who are specifically aware of the Agreement and agree to be bound by it.
2. This Agreement applies to all Information about the Property received from Broker or Owner, now or in the future, which is not readily available to the general public. Buyer understands that all Information shall be deemed confidential, valuable and proprietary such that its unauthorized disclosure, even without intent to harm, could cause substantial and irreparable harm to Owner and Broker.
3. All Information shall be used for the sole purpose of evaluating the potential acquisition of the Property and shall not at any time or in any manner be used for any other purpose.
4. Buyer shall not contact directly any persons concerning the Property, other than Broker, without Broker’s or Owner’s written permission. Such persons include, without limitation, Owner’s employees, suppliers and tenants.
5. Buyer and Buyer’s Broker acknowledge there is no co-op fee being paid.
6. Neither Broker nor Owner make any representations or warranty, express or implied, as to the accuracy or completeness of any Information provided by them. Buyer assumes full and complete responsibility for confirmation and verification of all Information received and expressly waives all rights of recourse against Owner and Broker with respect to the same.
7. The persons signing on behalf of Buyer and Broker represent that they have the authority to bind the party for whom they sign.
8. This agreement shall be governed and construed in accordance with the laws of the State of Colorado.
9. Return of Documents: Upon review of Information provided, if Buyer no longer has an interest and does not wish to pursue negotiations leading to this acquisition, Buyer agrees to return in a timely fashion all Information provided in its original form to Charles D. LeClaire and/or Adam Schlosser, if requested. Photocopying or other duplication is strictly prohibited.
10. In the event any party breaches its obligations under this Agreement, the prevailing party (parties), in any lawsuit brought to enforce the provisions of this Agreement, shall be entitled to reasonable attorney’s fees and costs in addition to all other remedies available to it.

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Devon Self Storage (Managed) 5 Property Portfolio

Property Location

1601 South Canal Street
Chicago, IL 60616

21639 Cascades Parkway
Sterling, VA 20166

1777 West Vandament Avenue
Yukon, OK 73099

7400 Blue Mound Road
Fort Worth, TX 76131

8008 South Congress Avenue
Austin, TX 78745

investment highlights

Broker Information

Charles "Chico" LeClaire

Adam Schlosser

Steven Weinstock

Brian Hosey

Tim Speck

CONFIDENTIALITY AGREEMENT

We're here for you. Let us know how we can help.

Devon Self Storage (Managed) 5 Property Portfolio

Property Location

1601 South Canal Street Chicago, IL 60616 21639 Cascades Parkway Sterling, VA 20166 1777 West Vandament Avenue Yukon, OK 73099 7400 Blue Mound Road Fort Worth, TX 76131 8008 South Congress Avenue Austin, TX 78745

investment highlights

Broker Information

Charles "Chico" LeClaire

Adam Schlosser

Steven Weinstock

Brian Hosey

Tim Speck

Download Marketing Package

CONFIDENTIALITY AGREEMENT

We're here for you. Let us know how we can help.

1601 South Canal Street
Chicago, IL 60616

21639 Cascades Parkway
Sterling, VA 20166

1777 West Vandament Avenue
Yukon, OK 73099

7400 Blue Mound Road
Fort Worth, TX 76131

8008 South Congress Avenue
Austin, TX 78745