Portfolio

Pratt Self Storage Portfolio

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area Gross
Land Area Gross ()

Portfolio description

Offering Price - Unpriced

Rentable Square Feet - 428,224

Number of Units - 2,588

Current Occupancy - Economic - 25% ; Physical - 51%

Offer Deadline - August 20,2021

Investment Highlights

Existing Cash Flow with Upside - The portfolio is comprised of three properties, located in Richmond, VA, Elkridge, MD (Baltimore MSA) and Gardner, MA. The Gardner, MA property is stabilized and currently being expanded and the Richmond, VA property is currently in lease-up and rapidly approaching stabilized occupancy. Upside can be achieved at these properties through rate increases to in-place tenants, market rate optimization and expansion opportunities. The Elkridge, MD facility is brand new construction, having just opened for business in June 2021. 


Recent, Class A, Construction - The properties were completed between 2016 – 2021 and were constructed to Class A standards with all modern features and amenities. The assets are market leaders in terms of their overall quality.


Strong Income Trends - The portfolio gross potential income exceeds $29 per square foot of self storage space.

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Pratt Self Storage Portfolio (2 Properties)
5050 Midlothian Tpke
Richmond, United States
6300 Washington Blvd
Elkridge, United States
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Last Updated Date: 01 Dec 2021

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