2 Locations

Call for Offers on July 1st

This portfolio presents an exceptional value-add self-storage investment opportunity in the St. Louis MSA, comprised of two strategically located facilities totaling approximately 77,596 net rentable square feet. The Ashland Storage Centers portfolio includes a 42,946 SF facility at 653 Carlyle Ave in Belleville, IL and a 34,650 SF facility at 19 Ashland Ave in Fairview Heights, IL. Both properties benefit from affluent sub-markets with over $90k in average household income within a 3-mile radius and are located in the St. Louis MSA - the 20th largest MSA in the country.

Despite mom-and-pop ownership and management, the portfolio maintains extremely strong occupancy of 96%, demonstrating the underlying demand in these markets. The properties present immediate revenue upside with rental rates 20%+ below market, allowing a new operator to implement rate increases upon acquisition. Economic occupancy lags 21% behind square footage occupancy, representing additional income potential. The Belleville location offers room for expansion in the parking lot area. Strong historical occupancy of 90%+ has led to multiple expansions over the years, validating the market strength and growth potential of these assets.