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Laurel Storage Center

Salisbury, MD-DE
Self Storage
Laurel Storage Center

Deal Highlights

  • 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

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