Packed House Self Storage

Strong 3-Mile Demographics: ±41,400 population and $74,300 median household income within 3 miles, supporting consistent demand for self-storage in this growing Memphis-area submarket.
Prime Interstate Proximity: Located just south of I-240 with ±55,000 vehicles per day, delivering excellent visibility, accessibility, and exposure to commuters and local traffic.
Strong Performing Asset: Current physical occupancy at 90% and economic occupancy at 93% as of December 2025, reflecting a stable, cash-flowing facility with proven tenant retention.
Rental Rate Upside: Clear opportunity to increase rents on the existing tenant base, unlocking additional NOI through strategic rate optimization.
Professional Management Opportunity: Potential to implement professional management to maximize occupancy, ancillary revenue, and overall operational efficiency.
Premium, Secure Facility: Well-secured property featuring keypad access, automatic gate, concrete drives, and a mix of non-climate and climate-controlled units—delivering a high-quality tenant experience and competitive edge.
Diverse Income Stream: On-site apartment currently managed by a residential property management company, providing stable supplemental income and diversification beyond traditional storage revenue.

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