investment highlights
- STRONG REVENUE GROWTH // Since acquiring the facility the seller has increased revenue 10 to 15 percent each year. As the only storage option in Vale, future owners will continue to benefit from strong revenue growth and demand. At 98 percent economic occupancy a new owner could aggressively push rents on existing tenants.
- LIMITED SUPPLY // The closest competitor to the property is 12 miles away. Lincoln Storage is the only storage facility in Vale, OR and has an average occupancy of over 95 percent. The facility is currently 99 percent physically occupied and 98 percent economically occupied (June 2023).
- OPERATIONAL UPSIDE // The Seller is contracting with U-Haul to provide rental trucks from the facility and will be the only U-Haul dealer. A new owner would benefit from implementing more dynamic revenue management and implementing a tenant insurance sales plan.
- GOOD VISIBILITY // Located in the heart of Vale, OR the property is located on Highway 20 and Highway 26 which combine for 7,200 vehicles per day.
