Extra Space (Managed) - Washington, DC
Self-Storage
Marketing description
*Lead broker information is located within the offering memorandum.
Listed By: Jennifer Stein Real Estate, Inc. DC RE Lic # REO40000035
Investment highlights
• Phenomenal Opportunity To Acquire a Facility with 95% Physical Occupancy and Demand Supporting a 16% Rate Increase Year 1
• Extremely Under Supplied for a Major Metro Area at 5.15 Square Feet per Person at Three Miles and 4.62 Square Feet per Person at Five Miles
• One-Mile Population Growth Rate is Nearly 5 Times Higher than the National Average
• Approximately 59 Percent of Occupied Homes in the 3- Mile Radius are Rentals dramatically Increasing the Demand for Self-Storage
• The 3-Mile Radius Boast Median House Hold Incomes of Over $120,000 Supporting Strong Rate Growth
• Tract IQ Reports Shows $42B+ in the Five-Mile Residential Development Pipeline Totaling 95,000+ Units
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