Investment Overview

Allied Tower Self Storage is a 67,234 rentable-square foot storage facility resting on two parcels encompassing approximately 8.40 acres in Edmond (Oklahoma City MSA), Oklahoma. Originally constructed in 2007 then later expanded in 2008, the 88 percent economically occupied property is comprised of 194 climate-controlled units, and 314 drive-up units. The facility has a total of six storage buildings, a manager’s residence, and a professional leasing office. The Class A facility was constructed to institutional-grade standards using brick, stone, metal and standing-seam roofs. The facility features a wrought iron personalized keypad gate, perimeter fencing and lighting, 24-hour video surveillance, and wide concrete driveways. The facility’s location is easily accessible, and its multi-story clock tower is particularly visible from North Kelly Avenue – where traffic counts approach 20,000 vehicles daily. Allied Tower Self Storage is approximately 91 percent physically occupied as of August 2026, and it operates within a three-mile trade area that features only 12 square feet of storage supply per capita. Given the facility’s best-in-class construction and highly accessible/visible location, a new operator will be in position to leverage the submarket’s robust residential and commercial development pipeline. In 2025, the Edmond City Council unanimously approved the preliminary plat for Honeyfield, a mixed-use development located on the largest single undeveloped tract in Edmond (150 acres), which lies virtually adjacent to the Allied Tower’s northern boundary. Plans call for retail, office space, single-family homes, senior housing, and at least 288 multifamily units. Another project located in Edmond just west of Interstate-35 aims to further transform the market. In 2026, the Edmond City Council voted to approve the addition of 850 multifamily units to the nearby Legacy at Covell, an existing mixed-use project that separately received a $17 million incentive package from the city to enhance investment in what is considered the most significant retail development in the history of Edmond. Owner-operated since 2007, Allied Tower Self Storage has never employed a revenue management program of any kind. Given this, as well as its historic economic stability and infill location within a $102,000 median household income trade area, the pro forma returns contained in the operating statement appear inherently realistic.