Laurel Storage Center

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Deal Highlights

All Site Visits Must be Scheduled Through SkyView Advisors.

  • Acquisition Provides a Self-Storage Facility with Multiple Value-Add Components, Including an Expansion Opportunity of Approximately 16,000 NRSF
  • Ability to Increase Rental Rates by 11 Percent to Reach Competitor Levels; Current Rates are Below Market
  • Upside to Generate Additional Revenue by Implementing Retail Sales and a Tenant Insurance Program
  • Yield-Producing Facility with a Current Physical Occupancy of 93 Percent and an Abundance of Room to Economically Flourish Furthermore
  • Auspicious Self-Storage Supply of 3.67 Net Rentable Square Feet Per Capita Within a Five-Mile Radius
  • Population Growth Potential of 1.14 Percent Within a One-Mile Radius
  • Consistent Traffic Counts of 23,250 Vehicles Daily Along Sussex Highway

Address

29285 Discount Land Road, Laurel, DE, 19956

Price

TBD by Market

Pro Forma NOI

$188,525

Net Rentable Square Feet
30,300 NRSF
Lot Size

3.9

Unit Count
224
Year Built
1995
Status

Active

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