Blue Ridge Storage

Additional 5.89 acres of vacant land included in the sale, presenting immediate expansion opportunity.
Expansion plans were previously approved but have since expired. Buyer can go through re-approval process with the same plans or draft new ones.
Current physical occupancy of 93% on the existing storage units, despite mom-and-pop ownership.
Only 3.20 rentable square feet per capita and no facilities in the development pipeline within a 3-mile radius of the facility (according to TractIQ).
Few climate-controlled competitors in the market, presenting opportunity to add climate-controlled units and expand tenant base.
Over $530 Million in the residential pipeline within a 5-mile radius.
Strong population growth expected through 2029, at 2.30% annual growth in a 3-mile and 5-mile radius of the facility.
High Average Household Incomes of $94,000 and $90,000 within a 1-mile and 3-mile radius.

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