Shepherd & Mustang Portfolio OKC

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Deal Highlights

Shepherd & Mustang Self Storage are self-storage facilities located in the Oklahoma City, MSA. Own these self-storage properties situated on 8.20 acres of land, with 145,115 net rentable square feet and 978 total units.

Shepherd Self Storage

  • Opportunity to increase rental rates by 63 Percent to Reach Market Levels
  • Incredibly Low Supply of 5.43 NRSF per person in the Three-Mile Radius
  • Favorable Population Density with over 100,000 Individuals in a Three-Mile Radius
  • No New Planned Storage Developments in Five Miles
  • Property is Located in the Shepherd Historic District, Which No Longer Allows for Self- Storage Development
  • Only Property in the One-Mile Radius
  • Ability to Set Up a Robust Tenant Insurance Program
  • Boasts a High Physical Occupancy of 98 Percent
  • Ability to Increase Revenue Through Merchandise Sales

 

Mustang Self Storage

  • Above Average House Hold Incomes at $75,923
  • No New Planned Storage Developments in the Five-Mile Radius
  • Very Strong Population Growth of 2.24% in the Five-Mile Trade Area
  • Incredible Opportunity to Increase Rental Rates by 68% to Market
  • Ability to Set Up a Robust Tenant Insurance Program
  • Very Full Facility at 95% Physical Occupancy
  • Ability to Increase Revenue Through Merchandise Sales

Deal Type

Portfolio

Price

TBD by Market

Pro Forma NOI

$1,512,159

Total NRSF
145,115 NRSF
Total # of Units
978
Status

Under Contract

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