Extra Space (Managed) – Minneapolis
Deal Highlights
• Fully Physically Stabilized Class-A Asset at 95% Physical Occupancy
• Immediate Expansion Opportunity of Nearly 13,000 NRSF, Adding an Estimated $201,561 of GPR
• Extremely Low Supply in the Market With Only 2.64 NRSF Per Capita in the Three-Mile Radius
• No Future Development Within Five-Mile Radius
• Exceptionally Strong Median Household Incomes of $90,235 in the One-Mile Radius
• Proximity to I-94 Enables Access to a Large Population Base With 470,767 People in the Five-Mile Radius
• Strong Historical Trends for Occupancy and Rate Growth
• Approximately 50 Percent of NRSF Located on Main Level, Allowing New Owner To Demand Premium Rental Rates



