Keepsake Self Storage

Keepsake Self Storage is comprised of 36,725 rentable square feet on approximately 2.92 acres of land. The facility currently offers 164 non-climate-controlled units, 43 climate-controlled units, 35 rental parking spaces and 13 boat/RV storage spaces for a total of 255 total units. The facility is stabilized with physical and economic occupancies of 90 percent and 75 percent, demonstrating a significant market footprint with considerable upside through rate management on existing customers. Keepsake Self Storage advantageously offers the opportunity to expand on a spacious 9.56 acres adjacent to the site, providing exceptional versatility with the ability to add climate-controlled and boat/RV units, which are in high demand in the OKC MSA, in addition to more standard units. To ensure a secure premise, the facility is equipped with video surveillance, perimeter-wide fencing, keypad entry, alarmed units and gated access.

The subject property is situated within an affluent suburb of the Oklahoma City Metro Area; there is an average household income of over $85,000 within three miles of the site. The facility offers premium visibility and frontage from South Sunnylane Road, which sees traffic counts of over 18,000 vehicles daily. The subject is approximately five miles from Interstate 35, which has a heavy traffic count exceeding 147,000 vehicles daily. This region of the Oklahoma City MSA has experienced ample growth over the past several years; there is a projected annual growth rate of 1.6 percent annually from 2020 to 2025, surpassing the national average. Keepsake Self Storage benefits as one of the primary storage providers for the surrounding area, as indicated by the facility’s high occupancies. There is only one competitor within a mile of the site. Oklahoma City is one of the largest metro areas in the United States and is home to one of the world’s largest livestock markets. The MSA offers one of the most affordable housing markets in the United States; it is ranked number one for the most affordable housing market of the 50 largest metropolitan areas in America by Bizjournals.com.

Keepsake Self Storage allows an investor the ability to acquire a stabilized self-storage asset with multiple upsides, including excellent financial projections over the next several years. The subject boasts strong leveraged IRRs of 24.4 percent and 23.6 percent in years five and seven, in addition to cash-on-cash returns of 13.7 percent and 14.9 percent in years two and three. The facility offers a rare opportunity to capitalize on the high demand for storage within the MSA; the adjoining land at the site offers a sizeable 9.56 acres of expansion potential to further solidify the facility’s presence. Additionally, an investor can increase revenue by implementing merchandise sales, truck rentals and bolstering the current tenant insurance program. Keepsake Self Storage represents a prime opportunity to acquire a premium storage asset with an exceptional market footprint in one the country’s most resilient metropolitan areas.

Investment Highlights:

• Stabilized Asset with Multiple Upsides in the Densely-Populated Oklahoma City MSA
• Direct Frontage Along Sunnylane Road, with Traffic Counts Exceeding 18,000 Vehicles Daily
• 90 Percent Physical Occupancy Demonstrating a Superior Market Footprint
• Spacious 9.56 Acres of Expansion Potential Adjoining the Property
• High Demand for Climate-Controlled and Boat/RV Units in Oklahoma City
• Leveraged IRR of 24.4 Percent in Year Five
• Cash-on-Cash Returns of 13.7 Percent and 14.9 Percent in Years Two and Three
• Capitalize by Implementing Professional Management and Boosting Ancillary Income