investment highlights
- LOW SUPPLY MARKET // In the five-mile trade area, the current supply is only 4.31 net rentable square feet per capita with 2.41 climate-controlled square feet per capita. There is only one facility planned in a five-mile radius, which will bring the total supply to 5.77 square feet per capita.
- EXPANSION OPPORTUNITY // Approximately 6.31 acres for expansion. Three acres were recently converted into RV Outdoor parking, which could also be expanded to the remainder of the vacant land. There is an individually metered, 12,000-square foot vacant warehouse that could easily be converted for indoor parking.
- CLASS A DRIVE-UP // Phase One was constructed in 2007, and Phase Two in 2017. Solar was introduced in 2017 and offsets most of the electricity cost. Secure Self Storage is the premium facility in the region and should command the highest rents.
- GROWING POPULATION // Since 2010, the three-mile radius has grown by 16.6 percent and is projected to grow another 7.3 percent by 2027. Secure Storage is surrounded by new home construction and residential neighborhoods, making the property well-positioned for the future.
