Extra Space (Managed) in St. Louis, Missouri MSA

investment highlights

FAVORABLE LEASE-UP MOMENTUM // As of June 23rd, 2023, 83.8 percent units are occupied. Extra Space Storage took over management in February of 2022 and has leased from 30 percent occupancy to current occupancy. In May, the facility had a net positive of 61 rentals.
“CLASS A” AMENITITES // The property was converted in 2020 and 2021 and features a professional on-site leasing office, multiple entrances, climate-controlled units, loading docks, and superior quality to its competitors.
GREAT LOCATION // The property is located on a lighted intersection of St. Charles Rock Road and Cypress Road which serves a combined 42,177 vehicles per day. The facility is nearby St. Louis Lambert International Airport and in a retail corridor near The Crossings at Northwest, Menards, Holman Middle School, and St. Ann Golf Course.
STRONG DEMOGRAPHICS // In a five-mile radius of the property, there is a population 187,143, with an average household income of $73,208, and 79,222 households. The area has strong employers anchored by the St. Louis International Airport, Boeing Express, Scripts, and Christian Hospital.

Broker Information

Jordan Farrer

Vice President

Phone: 801.736.2643
Email: jfarrer@marcusmillichap.com
License: UT 9220604-SA00

Adam Schlosser

Senior Managing Director

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

David Saverin

Broker of Record

Phone: 314.889.2500
Email: dsaverin@marcusmillichap.com
License: 2008031520

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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 EXTRA SPACE STORAGE (MANAGED) - ST ANN. 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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Contact The LeClaire-Schlosser Group

Extra Space (Managed) in St. Louis, Missouri MSA

Property Location

10835 St Charles Rock Rd
St Ann, MO 63074

investment highlights

Broker Information

Jordan Farrer

Adam Schlosser

David Saverin

CONFIDENTIALITY AGREEMENT

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

Extra Space (Managed) in St. Louis, Missouri MSA

Property Location

10835 St Charles Rock Rd St Ann, MO 63074

investment highlights

Broker Information

Jordan Farrer

Adam Schlosser

David Saverin

Download Marketing Package

CONFIDENTIALITY AGREEMENT

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

10835 St Charles Rock Rd
St Ann, MO 63074