RIPCO Self-Storage is excited to present the storagePUP Portfolio, a collection of eight strategically located properties across Florida and Morristown, Tennessee. This portfolio comprises 1,671 units, including 347 traditional storage units, 347 drive-up relocatable units, 207 drive-up relocatable units with A/C, 191 relocatable units offsite, 57 relocatable units with A/C offsite, 24 commercial units, 423 uncovered/dedicated parking spaces, 46 covered/dedicated spaces, 1 apartment, and 15 relocatable offices, totaling approximately 340,971 gross rentable square feet (includes parking) across 18.509 acres and spread across 10 parcels, each site is secured with perimeter fencing and gated entry for enhanced safety the ability to operate remotely. Seller financing now available, please see listing agent for more information.
This offering presents a compelling opportunity for investors to acquire a value- add self-storage portfolio. The potential for increased profitability lies in stabilizing the occupancy, expansion of relocatable unit business, new onsite development, and ongoing rental rate adjustments. Florida and Tennessee, renowned for their favorable investment climates, offer additional allure with no state income taxes. Moreover, the absence of basements in most Florida homes and the unsuitability of attics for storage create a high demand for storage solutions, making this portfolio a prized investment with promising upside.
SCALABILITY
Mobile storage businesses can scale operations relatively easily by adding or removing storage units as demand fluctuates, providing flexibility to adapt to market conditions.
LOW MAINTENANCE COSTS
Compared to traditional real estate, mobile storage properties typically have lower maintenance costs since they involve fewer structures and infrastructure.
GEOGRAPHIC FLEXIBILITY
Mobile storage companies can target various geographic locations without the constraints of physical buildings, allowing for wider market penetration and diversification.
TECHNOLOGY INTEGRATION
Investing in mobile storage properties often involves leveraging technology for inventory management, security, and customer convenience, enhancing operational efficiency and customer experience.