- UPSIDE POTENTIAL // Opportunity to raise revenue through increasing physical occupancy to market averages (mid 90’s) as well as pushing existing tenants up to market rents. Further upside is possible by implementing a tenant insurance program as well as a modern onsite management software/practices.
- BELOW MARKET RENTS // Current asking rents average close to 20 percent below the market with substantial opportunity to increase rents on larger units (10×15 and above).
- EXCELLENT LOCATION // Located on the hard corner of 3rd Ave and Hover Road with visibility to over 51K passing cars per day. Within one mile of major national brands such as the The Home Depot, Target and Whole Foods.
- ATTRACTIVE DEMOS // Densely populated three-mile trade area with 80K people, 33K households and an estimated five percent population growth over the next five years. Average household income exceed $103K per year.
- AMENITIES // Onsite leasing office, three bedroom house, perimeter fencing with digital gate access, established U-Haul business and paved drives.