Success Story
A-Key Storage Portfolio
Clovis, NM
SELLER PROFILE
Private regional operator
BUYER PROFILE
National private REIT
PROPERTY PROFILE
Four property fully stabilized self-storage portfolio. The offering also had the option to include a car wash adjacent to the one of the properties.
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Summary
- This 236,000 NRSF portfolio was the dominant player in the market with a superior product and marketing platform. This created a unique scenario for a prospective buyer to control the market.
- The market had no institutional or REIT presence and al four sites historically operate above 90% physical occupancy.
- The target market consisted of 45,000 people and heavily relied on the nearby Air Force base as a customer base.
- Competitor resided over 10 miles away
Results
- The Oakside team leveraged unique opportunity coupled with the depth of our relationships to secure numerous Private Equity offers.
- Our competitive process yielded the price above guidance and our transaction team kept all parties accountable to an on time closing.