Horizon Storage Portfolio
Simpsonville & Shelbyville, KY (Louisville MSA)
- The two locations resided seven miles apart in a submarket approximately 30 miles east of the Louisville, KY MSA.
- We strategized with our client to feature multiple value add components: additional lease-up, parking expansion, rate upside, tenant insurance.
- The Oakside Advantage yielded 13 written offers with a tight grouping at or slightly above our target pricing.
- Our transaction management team held all parties accountable to overcome multiple due diligence hurdles related to environmental concerns (Phase 1&2). We also navigated a zoning change related to the outdoor parking component where the city had changed requirements the year prior.
- Our team led all parties to a successful closing 10% above the seller’s expectations.