Investment Overview

Stack N Stor Self Storage is a Class A Facility that opened in February of 2022. The facility is the only self-storage property located in a 5-mile radius of the property, with this facility representing 2.9 SF of self storage per capita in a market with a population of just over 30,000. Since opening in February, the property has achieved 27% SF occupancy with 200 rentals and 40 vacates through the end of August, and is on track to reach 90% maturity within 30 months of opening. The property has a tenant insurance penetration rate of 68% through the end of August with delinquency below 1%. The property is professionally managed by Storage Asset Management with full time, and onsite property management staff. Storage Asset Management would be a great management option to keep in place to manage the facility long term.