More Space Storage
Stable cash-flowing self-storage asset with 416 units, strong 6.30% CAP rate, and value-add upside.
Marketing description
PROPERTY WEBSITE:
morespacestoragenebraska.netlify.app
More Space Storage is a 416-unit, 96,810-square-foot self-storage facility in Papillion, Nebraska, currently 90% occupied and offered at a 6.3% cap rate. Built in 2020 and 2023, it is one of the newest and best-positioned assets in the Omaha MSA. Property features climate-controlled units, enclosed drive-up garages, secured outdoor parking, digital surveillance, and 24/7 tenant access. The facility is locally built and operated, operationally clean, and primed for immediate upside through straightforward rate optimization. No deferred maintenance. No partnership complexity. Just a modern, well-occupied asset in one of the fastest-growing submarkets in the region.
More Space Storage is located on South 120th Street in Papillion, Nebraska, between Cornhusker Road and Giles Road — positioned along one of the primary north-south arterials connecting Papillion to the greater Omaha metropolitan area. The surrounding Highway 370 corridor is one of the most active growth corridors in the MSA, with significant new residential, retail, and commercial development underway, bringing new rooftops and rising household incomes directly to the facility's trade area.
Investment highlights
- New Construction Quality, No Near-Term CapEx Risk
- 90%+ Occupied — Revenue Upside is Rate-Driven, Not Speculative
- Proven Demand in a High-Growth Submarket
- Quantifiable Near-Term NOI Expansion
- Competitive Positioning in a Fragmented Market
- Straightforward Acquisition with Clean Ownership Structure
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