CubeSmart Storage (Managed)

Investment Summary

  • Favorable supply dynamic of 8.74 sqft per capita in the 3-miletrade area.
  • No new planned or under construction facilities within 4 miles of the subject property.
  • Direct visibility from 22nd Ave N and 34th N with traffic counts of over 34,000 VPD each.
  • Institutional caliber Class A asset, with physical occupancy at 84.5%.
  • Positive occupancy growth of 60% in the trailing 12-monthperiod.
  • Opportunity to increase rental rates to market by 8% during lease-up.
  • Average unit size under 103 NRSF optimizes property’s achievable rent per foot.

Net Rentable Square Feet
62,810 NRSF
Unit Count
607
Year Built
2019

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