Investment Overview

Safekeep Self Storage is a modern, income-producing, 291-unit self-storage facility located in the high-growth Des Moines suburb of Ankeny, Iowa. Constructed in 2020, the property features 54,775 rentable square feet across a diverse mix of climate-controlled, non-climate-controlled, and RV/boat parking units, allowing it to serve a wide range of consumer storage needs. Its newer construction and contemporary design translate into reduced near-term capital expenditure requirements and strong operational efficiency. Positioned within one of the fastest-expanding submarkets in the Des Moines MSA, the facility benefits from exceptional underlying fundamentals. The surrounding area is characterized by above-average household incomes, significant ongoing residential development, and proximity to major employment hubs—including Wells Fargo, Principal Financial Group, John Deere, Microsoft, and Meta’s data center campus. Population and household growth within a one-, three-, and five-mile radius continue to outpace national trends, reinforcing long-term demand for storage. Operational performance remains strong, with current occupancy at 81.79% across all unit types. Demand is particularly robust for specialty categories, with RV/boat parking achieving 100% occupancy, underscoring the property's strategic position within this market segment. As the area continues to grow and supply remains limited, Safekeep Self Storage is well positioned for ongoing rent growth, occupancy stabilization, and long-term revenue expansion. This offering represents a compelling opportunity to acquire a newer-construction, institutionally quality storage asset in a demographically strong, high-growth corridor, supported by diverse economic drivers and favorable long-term market conditions.