CubeSmart (Managed) – Los Angeles, CA

Deal Highlights

• Unique Institutional Deal: Phenomenal opportunity to acquire a new, one-of-a-kind, multi-story Class A self-storage facility in the dense center of Los Angeles, one of the highest-barrier-to-entry markets in the nation

• Exceptional Rates & Location: With an incredible positioning in one of the highest-rate storage markets in the entire country, the property sits just across the street from the Lakers arena and the Los Angeles Convention Center, global landmarks in the heart of the United States’ second-largest city

• Rare Structure & Unit Mix: A highly coveted and unique design provides 2 stories of vehicle access to climate-controlled units. The property offers a configuration that is virtually unmatched, particularly within a dense metropolitan market

• Extraordinary Supply-Demand Dynamics: The facility operates within an exceptionally undersupplied trade area, with less than 3.4 square foot per capita in the 1 mile radius, and only approximately 3.9 in the 3 and 5 mile radius, well below national averages

• Outstanding Visibility & Access: Strategic frontage along a very heavily trafficked thoroughfare provides excellent exposure and visibility. The property is located directly adjacent to the Harbor Freeway (I-110), one of Los Angeles’ main north-south corridors, which sees nearly 300,000 VPD, ensuring the facility is one of the most visible in all of Los Angeles

• Long-Term Demand Fundamentals: Population density, extremely limited competitive supply, some of the most formidable barriers to new storage development in the country, and continued economic expansion and residential development in the trade area, all support significant self-storage demand and long-term occupancy stability