Extra Space Storage (Managed) - Huntsville, AL

High quality facility totaling ±74,200 NRSF across 456 units in Huntsville, AL
Originally built in 2018, quickly leased up, and then was expanded in 2023 and is now physically stabilized
Strong physical occupancy with 90% unit occupancy and 88% square foot occupancy
Affluent trade area with $118k in average household income and $95k in median household income
Over 10,000 residential units and an estimated $3B in total value showing in the residential development pipeline within 5-miles of the facility
Direct frontage along Jeff Road with average daily traffic counts of approximately 10,580 vehicles
Dense surrounding residential trade area, with approximately 45,000 residents within a three-mile radius and over 116,000 residents within five miles
No self-storage facilities currently under construction nor in planning within the immediate trade area (according to TractIQ), positioning existing stabilized facilities to benefit from continued housing and residential growth
Demand supported by a significant defense, aerospace, and engineering employment concentration, anchored by Redstone Arsenal (approximately 8–10 miles southeast of the property; 45,000–50,000 jobs) and NASA Marshall Space Flight Center (6,000+ employees)
New $6 Billion pharmaceutical manufacturing facility being developed in Huntsville by Fortune 500 company Eli Lilly

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