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CUBESMART SELF STORAGE PORTFOLIO

OMAHA, NE MSA

ACCESS OM & DEAL ROOM
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LIST PRICE

Market Bid

storage-2

TOTAL UNITS

2,151

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TOTAL NRSF

±217,774

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LOT SIZE

±23.20 AC

FACILITY NAME ADDRESS NRSF TOTAL # OF UNITS CLIMATE CONTROLLED UNITS NON-CLIMATE CONTROLLED  UNITS BUILDINGS
LOT SIZE (AC)
CubeSmart Self Storage 5000 L St, Omaha, NE ±88,263  805 805 0 1 ±11.30 AC
CubeSmart Self Storage 1851 Madison Ave, Council Bluffs, IA ±61,327 546 546 0 1 ±4.81 AC
CubeSmart Self Storage  5646 N 90th St, Omaha, NE ±75,167 880 880 0 1 ±7.09 AC
PORTFOLIO INVESTMENT HIGHLIGHTS
All climate controlled portfolio totaling 217,774 rentable square feet in the Omaha MSA
6 different fortune 500 companies headquarted in Omaha
Rare opportunity to buy into this market with immediate scale
Physically stabilized portfolio with upside existing in economic occupancy
Expansion opportunity still existing at all three stores
5646 N 90TH STREET, OMAHA, NE

    • Recently converted, all climate controlled facility 75,167 rentable square feet
    • Dense surrounding population with over 86,000 people living in a 3-mile radius
    • Significant expansion potential existing in the parking lot, already zoned appropriately for storage
    • Steady historical population growth, with projected population growth of 0.50% annually for the next 5 years
    • Several national retailers and residential surrounding the facility

5000 L STREET, OMAHA, NE

    • 80 brand new units just developed - adding 6,990 rentable square feet to the facility
    • Dense trade area with a population of over 120,000 living in a 3-mile radius, with 0.70% projected annual growth over the next 5 years
    • Strong historical occupancy prior to the expansion - going from 91% physical occupancy to 81% now
    • All four retail spaces are currently leased, adding over $160,000 of passive income annualy
    • The property is adjacent to Walmart and located directly off US-275 which sees 24,000 Vehicles per Day
    • Favorable supply of only 8.51 square feet per capita in a 5-mile radius (according to TractIQ)
    • Additional existing land in the parking lot is ideal for portable units or drive-up non-climate controlled units
    • New 10 Year Autozone ground lease for 1 acre in the parking lot, adding $30,000 to the NOI annually

1851 MADISON AVE, COUNCIL BLUFFS, IA

    • Recently converted, stabilized facility in the Omaha MSA
    • Physical Occupancy of 85%, with Economic Occupancy of only 55%, presenting upside to implement significant ECRI's
    • Expansion potential existing in the parking lot for non-climate drive up buildings or outdoor parking
    • Strong surrounding population with over 39,000 people living in a 3-mile radius and over 68,000 people in a 5-mile radius
    • Affluent 1-mile population with over $90,000 in average household income
Pages from CubeSmart Self Storage - Omaha.pdf
Pages from CubeSmart Self Storage - Omaha-2.pdf
Pages from CubeSmart Self Storage - Omaha-3
ACCESS OM & DEAL ROOM
EXCLUSIVELY LISTED BY:
BROKER OF RECORD

Kyle Matthews
License No. 35320 (NE)

Adam Marek
License No. F03991000 (IA)