Portland, OR Self-Storage Development Opportunity

Block 29 has been entitled as a best-in-class, institutional quality self-storage site located directly in the Pearl District, Portland’s most upscale and densely populated urban neighborhood. The property is designed to have excellent visibility and neighborhood access. The area has excellent demand characteristics and high barriers to entry primarily catering to mixed-use, condo, and multifamily development.

The offering represents an extremely rare opportunity to acquire an entitled self-storage asset in one of the most sought after and dynamic neighborhoods in the U.S. Upon lease-up, the property is expected to provide attractive, stable returns and also offers significant future upside as the only Class A self-storage asset located directly in the Pearl District.

INVESTMENT HIGHLIGHTS

• Rare Downtown Portland Class A self-storage development opportunity
• Excellent visibility
• Only institutional quality storage property in true Pearl District location
• 34,167 people within a 1-mile radius projected to grow at 2.5% annual through 2025
• Average household income exceeds $100,000 within a 1-mile radius of the property
• Best in Class (upon construction) central Pearl District location
• Dynamic high growth, high income, high barrier to entry trade area
• Designed by MCA Architects