Hickory Capital Group Self Storage Portfolio – Ohio, Missouri, Tennessee & Texas

Property Location

Ohio, Missouri, Tennessee, Texas

investment highlights – cincinnati, ohio

  • FAVORABLE LEASE UP TREND // Since opening, this facility has averaged three percent average monthly occupancy gains with excellent momentum heading into the prime leasing season.
  • COMPETITIVE ADVANTAGE // This facility is the only multi-story climate-controlled facility in the trade area and should pace the market on rental rates and occupancy.
  • WELL LOCATED // Constructed on an outparcel to Eastgate Mall in the heart of the submarket’s primary retail corridor surrounded by national retailers.
  • SUPERIOR CONSTRUCTION & QUALITY // Class “A” multi-story construction with institutional quality amenities.

investment highlights – st. peters, missouri

  • EXCELLENT LEASE UP TREND // Since opening, the facility has average monthly physical occupancy gains of 3.73 percent with positive momentum heading into the summer leasing season.
  • HIGH RENTAL RATE MARKET // Above average rental rates of $1.55 across the trade area.
  • HIGH BARRIERS TO ENTRY // Infill location with only one new competitor delivered since 2016 and no new construction in the pipeline.
  • STRONG DEMOS // Three-mile trade area boasts an average household income of $97K across 25k households and 58k people.

investment highlights – Chattanooga, tennessee

  • STRONG LEASE UP TREND // Since opening in late 2020 the facility has exceeded physical occupancy projections at 4.3 percent per month.
  • SUPERIOR LOCATION // Located in Chattanooga’s prime retail corridor next to Hamilton Place Shopping Mall and major national credit tenants.
  • BEST IN CLASS // This facility is superior to its competition in both construction quality and location creating a competitive advantage to pace rental rates and occupancy.
  • ATTRACTIVE DEMOGRAPHICS // The three mile trade area has an average household income of $81,000 with a population of over 40K people and growing.

investment highlights – beaumont, texas

  • PREMIER LOCATION // Located in Beaumont’s primary retail corridor on an outparcel to Parkdale Mall. Retailers in the immediate area include Dicks Sporting Goods, Walmart Super Center and Petco to name a few.
  • SUPERIOR CONSTRUCTION & AMENITIES // Premium climate controlled fourth generation multi-story construction. Featuring best in class amenities and superior functionality highlighted by a large interior pull-thru spanning the entirety of the store.
  • GROWING SUBMARKET WITH EXCELLENT DEMOS // The submarket has experienced substantial population growth over the past decade bolstering high occupancy rates and recent rental rate growth post developed cycle.
  • PRICE OF OWNERSHIP // Rare opportunity to acquire a best in class self storage asset in a prime infill retail corridor.

Broker Information

Charles "Chico" LeClaire

Executive Managing Director

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

Adam Schlosser

Senior Vice President

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

Brett Hatcher

Senior Manager Director Investments

Phone: 614.360.9043
Email: brett.hatcher@marcusmillichap.com
License: OH SAL.2006002356

Michael Glass

Ohio Broker of Record

Email: michael.glass@marcusmillichap.com
License: BRK. 2007005898

Brad Barham

Missouri Broker of Record

Email: brad.barham@marcusmillichap.com
License: 2013016939

Jody McKibben

Tennessee Broker of Record

Email: jody.mckibben@marcusmillichap.com
License: 307629

Tim Speck

Texas Broker of Record

Email: tim.speck@marcusmillichap.com
License: 9002994

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