investment highlights
- PRIME LOCATION // Strategically situated in a densely populated residential area of Northwest Las Vegas, the facility is surrounded by over 139,000 residents and 56,000 homes and apartments within a three-mile radius, ensuring strong demand potential.
- RAPID LEASE-UP PERFORMANCE // The facility has achieved 65.62 percent occupancy within 12 full months since opening, demonstrating robust leasing momentum with an average monthly occupancy increase of 5.47 percent.
- PREMIUM DESIGN AND AMENITIES // Boasting Class-A design and construction, the facility offers top-tier amenities and customer convenience. It features four strategically placed loading areas—two on the west side, and one each on the north and south ends. One western loading area includes an interior three-vehicle garage, providing climate-controlled comfort for customers during warmer months.
- FAVORABLE COMPETITIVE LANDSCAPE // No new storage facilities are under construction within a three-mile radius, with only two properties in the planning stages located over 1.5 miles away. This limited competition supports the facility’s ability to complete its lease-up phase without immediate competitive pressure.
property summary
Public Storage (Managed) is a premier self-storage facility in Northwest Las Vegas, Nevada, comprising of 906 units and 89,925 net rentable square feet, impeccably designed by Magellan Architecture and built by ARCO Murray. Situated on approximately 2.56 acres, the property was constructed in June 2024 and has achieved an impressive lease-up rate exceeding 65 percent within 12 full months since opening. The facility features a single three-story building, offering exclusively climate- controlled storage units.
This professionally managed Public Storage facility is equipped with state-of-the-art amenities, including electronic gated access with digital keypad entry, a spacious institutional-style leasing office featuring retail displays and security monitoring systems, 24/7 video surveillance across the premises, paved driveways, and durable metal roll-up doors. Additionally, a three-vehicle garage at the west loading area provides shelter from the elements during Las Vegas’s warmer months.
Strategically located in Northwest Las Vegas, the facility benefits from excellent visibility along N Rancho Drive, with over 25,000 vehicles passing daily. It serves a densely populated residential area, with more than 139,000 residents and 53,000 households within a three-mile radius, boasting average household incomes exceeding $100,000.
