Below Replacement Cost Basis with Expansion Optionality – Offered at approximately $61.59 per rentable-square foot, the acquisition cost is materially below today’s development cost, while the 5.12-acre site provides visible highway frontage and land for future expansion once stabilized.
Manageable Supply Fundamentals Supporting Stabilization – Less than 6.5 SF per capita within three miles (approximately 10 SF within five miles), combined with approximately 88% average occupancy among three comparable facilities within a 10-mile radius (TractIQ, January 2026), supports continued lease-up without competing in an oversupplied trade area.
Demonstrated Post-Expansion Lease-Up Momentum – Since the 2023 expansion, physical occupancy has improved from approximately 53% to 67% (January 2026) despite suboptimal remote third-party management, indicating proven demand and additional absorption capacity.
