Investment Overview

Eagle Self Storage is a 340-unit, all drive-up facility positioned along the primary commercial corridor in Joplin, Missouri, with direct access to Interstate-44 Business. The Property benefits from excellent visibility, convenient access, and strong surrounding residential density—driving consistent tenant demand. The asset presents a clear value-add opportunity through a combination of lease-up and rental rate growth. Non-climate drive-up units are approximately 97 percent occupied, demonstrating strong underlying demand for traditional storage product. Overall occupancy remains below its potential due to a temporary disruption caused by tornado damage to a portion of the partially enclosed units. All damaged doors have since been replaced, and those units are actively leasing again, creating a near-term opportunity for occupancy and revenue growth as the facility stabilizes. This dynamic creates a clear path to increase both occupancy and revenue. An investor can further enhance performance by converting approximately 20 partially enclosed units into traditional drive-up storage units for an estimated cost of $75,000. This strategy would replace slightly less desirable inventory with higher-demand product, driving meaningful upside in rental rates, occupancy, and overall cash flow.