Stash Self-Storage Near Me

Stash Self-Storage Near Me2021-03-01T09:46:46-05:00

Project Description

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the sale of Stash Self Storage Near Me in Tucson, AZ.

Under LOI
Total NRSF – 193,555 NRSF

4068 E Ft. Lowell Rd. Tucson, AZ 85712

5650 W. Coca Cola Pl. Tucson, AZ 85743

The Self-Storage Advisory Group of Cushman & Wakefield has been selected to exclusively market the Stash Self Storage Near Me Portfolio opportunity in Tucson, AZ. The Stash Self Storage Near Me Portfolio represents an exceptional opportunity to acquire two state of the art self-storage facilities comprised of 193,555 rentable square feet that stretch over 8.28 acres of land. The facilities are strategically located at a 15-mile distance from each other in Tucson, AZ. The properties, Ft. Lowell and Continental Ranch opened in 2020 and 1994, respectively with a combined unit total, including climate, non-climate, and parking, of 1,759 units. Ft. Lowell was recently opened and already boasts physical and economic occupancies of 36% and 22% respectively. Continental Ranch is 96.6% physically stabilized, allowing an investor to push rates to increase the economic occupancy allowing for additional income. The properties utilize
24-hour video surveillance and electronic gating to guarantee secure storage.

The two properties in the Stash portfolio are ideally situated about 20 minutes’ drive time from each other allowing an investor the opportunity to establish a strong footprint within the desirable Tucson market. Both locations offer premium access to major thoroughfares. Ft. Lowell is located at 4068 E. Ft. Lowell Rd offers direct frontage. With direct traffic counts of over 31,500 per day, the Ft. Lowell location benefits from a limited competition within the immediate trade areas and offers prime frontage and direct visibility, ensuring maximal exposure. Continental Ranch, located at 5650 W Coca Cola Place, benefits from solid occupancies and room for rate growth in a market that boasts a median household income of $77,000, one of the strongest in Tucson.

The portfolio represents an excellent opportunity to acquire two prime storage facilities and gain a significant footprint within a growing market. Each property delivers multiple upsides with opportunities to capitalize on a rapid lease-up phase as demonstrated at Ft. Lowell and push rates at Continental Ranch in the near future. Presenting strong financial projections with cash-on-cash returns of 12.6 percent and 15.7 percent in years three and five, in addition to a levered IRR of 18 percent in year 5, the portfolio is an ideal storage investment to take advantage and position one’s self in Tucson’s continually growing market.

Click Here to View Offering Memorandum and Reports