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Extra Space Storage Omaha Portfolio

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Extra Space Storage Omaha Portfolio is a two property self-storage portfolio located in the Omaha, NE MSA. This is an opportunity to own a self-storage portfolio situated on a total of 13.5 acres of land, with a total of 193,140 net rentable square feet, and 1,114 total units. The locations reside in Elkhorn and Omaha, NE.

Portfolio Highlights:

  • Institutional quality product in a high growth market with strong six figure median incomes.
  • Strong physical lease-up trajectory demonstrates favorable demand.
  • 27,200 NRSF expansion delivered by seller with additional acreage at Edna location.
  • Opportunity to capture current and future tenant insurance income across the portfolio.

Market Highlights:

  • Approximately 3,900 new lots were platted in Northwest and Southwest Omaha in the last 24 months.
  • Omaha was recently named the #1 – Best Cities for College Grads by ZipRecruiter.
  • Omaha added 31,000 jobs over the past 10 years, which is twice the national average.
  • Construction activity in Omaha is forecasted to increase by 10% year-over-year in 2019 from $3.3B to $3.61B.
  • Robust construction growth in health care, education, and data centers.

Property Highlights

Address20302 Farnam Street, Elkohorn, NE 68022 | 19025 Edna Street. Omaha, NE 68136
Price-
Cap Rate-
NOI$1,377,894 (Pro Forma)
Net Rentable
Square Foot
193,140 NRSF
Lot Size13.5 AC
Year Built2017-2018
Status