Extra Space Storage (Managed)

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Deal Highlights

Situated parallel to Interstate 84, acquisition of Extra Space Storage guarantees a high-visibility, trophy location that boasts expansion and rental rate increase opportunities across its two buildings.

  • Trophy Self-Storage Opportunity in an Irreplaceable Location Sprawling Alongside Interstate 84
  • Additional Expansion Capacity of 13,015 NRSF
  • Only 1.76 NRSF of Storage Per Person Within a Three-Mile Radius, Justifying the Ability to Expand and Lease Up
  • Opportunity to Raise Rental Rates to the Market Average Based on a High Current Physical Occupancy of 97 Percent
  • Generate Additional Revenue by Implementing a Strong Tenant Insurance Program
  • Situated in a Densely-Populated Residential Area and Adjacent to the Lofts on the Park Apartment Building
  • Impeccable Visibility from Multiple Thoroughfares, Including Over 140,000 Vehicles per Day on the Parallel Interstate
  • Populated Market Boasts Over 168,784 Individuals in a Three-Mile Radius

Address

31 Pope Park Highway, Hartford, CT 06106

Price

TBD by Market

Pro Forma NOI

$1,129,612

Net Rentable Square Feet
57,767 NRSF
Lot Size

0.91

Unit Count
690
Year Built
2018
Status

Active

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