Council Road Self Storage

Call For Offers: 4/4/2025

All site visits must be coordinated in advance with Agent.​

Location Summary

• Council Road Self Storage is located on a dynamic, mixed-use corridor in northwest Oklahoma City.​ This part of the city is characterized by a blend of industrial, commercial, and residential uses.​

• The region is undergoing significant change, experiencing nearly 5% population growth within a 3-mile and 5-mile radius of the subject property, as well as several new construction projects and urban redevelopment initiatives underway.​

• Council Road is a major thoroughfare that has daily traffic counts of over 22k cars per day and offers convenient accress to local highways and other key corridors, making it easy to reach downtown Oklahoma city as well as surrounding suburban areas.​

• Oklahoma City is a top 50 MSA and is home to ~1.5 million residents.​

Investment Summary

• Council Road Self Storage is a value-add facility located in Oklahoma City.​ Priced at $45.71 per square foot, the facility is comprised of 117 non-climate-controlled units and totals 18,020 rentable square feet.​ There is also an apartment that could be made available to rent or used for an on-site manager.​

• The facility is currently being under-managed and could significantly benefit from a more sophisticated and proactive management approach.​ With no in-place advertising efforts, the implementation of SEO and online marketing strategies could significantly boost performance.​

• Revenue can be grown dramatically through lease-up efforts, increasing existing tenant rates to being more in line with market averages, as well as with the implementation of a tenant insurance program.​

• The property could also benefit from various phyiscal improvements to boost curb appeal.​

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