Investment Overview

Dupo Self Storage is a 25,150 NRSF drive up self storage facility located due east of St. Louis, MO. The property is positioned just 2.5 miles from the Mississippi River and the Missouri/Illinois state line. The facility is visible from Highway 3, which supports just over 11,000 vehicles per day and serves as a primary artery to Route 55, which takes drivers into St. Louis from Illinois. The property features an automated gate with a keypad, fully fenced, security cameras, rental office with a restroom and gravel drive aisles. The facility is positioned on 1.56 acres of industrial zoned land and the property opened for business in 2005. The property has experienced mature occupancy over the past 12 months, ranging from 87% to 95% throughout the course of 2024. A buyer would benefit from raising tenant rates due to high occupancy and below market rental rates. The properties average unit size is 152 NRSF, and as of the end of November the property was at 95% unit occupancy with 5 vacant units. The vacancy has primarily been associated with 17 outside parking spaces designated on the property. Under current ownership, the property has been managed remotely with very little onsite presence. The daily operations is completed via rentals on the website, local onsite help with daily property inspections, call centers to assist with payment activity and renter questions and automation to assist with payment activity. Payments on the property are made in excess of 99% by credit card with limited payments coming from checks. Dupo Self Storage is a an excellent opportunity to take a well organized remotely operated facility and add value to it through revenue management. High occupancy at the property, coupled with excellent visibility in the market, could make this an excellent investor for a local self storage operator or new investor in the asset class.