investment highlights
- BEST IN CLASS // High quality construction, featuring wide drive aisles, drive-up and interior access. Professional leasing office with security displays. Large onsite apartment. Asphalt drives with ample parking and electronic keypad access.
- STRONG LEASE UP // Phase One, constructed in 2014, reached 100 percent occupancy quickly, motivating the build-out of Phase Two. Phase Two opened in 2020 and nearly doubled the size of the property. Independence Self Storage is currently 80 percent physically occupied.
- RESIDENTIAL CONSTRUCTION // National Home Builders, DR Horton, Richmond American Homes, and others have large scale master planned communities under construction in the trade area. Regional builder J Thomas Homes’ Northstar Ranch 1,200 Acre community will surround the property.
- FUTURE UPSIDE // New ownership will benefit from strong population growth, 47 percent since 2010, and a projected 17.5 percent by 2026. Continued lease up of Phase Two, implementing a dynamic revenue management system, and ancillary income products will strengthen revenue growth.
