Investment Overview

OCCUPANCY OPPORTUNITY // The property, which opened in 2019 alongside three other competitors, maintained high rates near the top of the market that slowed the lease-up speed. A new owner could implement a more aggressive lease-up strategy. HIGH QUALITY CONSTRUCTION // Built in 2019, Towne Storage Colt Plaza features a high-end leasing office, wide asphalt drives, masonry exteriors with metal interior dividers. All buildings are single story with drive-up or interior hallway accessible units. STRONG DEMOGRAPHICS // The average household income within a three-mile radius is $88,258, with a population of 97,322. This population is projected to grow by 6.30% over the next five years. RESIDENTIAL DENSITY // The property is situated within one mile of several high-density developments, including Liberty Commons (209 apartments), Sandalwood (278 apartments), Pinnacle Highbury (290 apartments), and master-planned communities by Garbett Homes and Ivory Homes. ATTRACTIVE BASIS // Towne Storage Colt Plaza is being offered at $112 per net rentable square foot.