Storage of America 10 Portfolio
MICHIGAN | INDIANA | OHIO
Executive Summary
CBRE’s Self Storage Advisory Group is retained as the exclusive listing advisor for the Storage of America 10 Portfolio, a diversified collection of ten self storage properties strategically located across Indiana, Michigan, and Ohio. The portfolio comprises 6,586 units totaling approximately 823,891 net rentable square feet, complemented by additional uncovered parking area, and offers a mix of drive up and interior storage configurations designed to meet a broad range of customer needs. The assets are positioned within well established, middle to upper income trade areas, with an average population of approximately 121,000 residents and average household incomes near $80,000 within a five mile radius, providing a durable demand base for long term storage utilization.
The portfolio is anchored by meaningful exposure to the Indianapolis metro, one of the Midwest’s strongest and most resilient economic engines, supported by diversified employment drivers, robust logistics infrastructure, and sustained population growth. Additional assets benefit from proximity to advanced manufacturing corridors and established suburban nodes throughout Michigan and Ohio, markets that continue to attract industrial investment and workforce expansion. Collectively, these dynamics underpin steady storage demand while offering insulation from supply volatility often seen in higher barrier coastal markets. Coupled with sub 80% in place occupancy, below market rental rates, and assumable fixed rate debt, the Storage of America 10 Portfolio presents a compelling opportunity to drive NOI through focused revenue management and operational execution, while positioning the assets for a future institutional exit as scale oriented buyers continue to target stabilized Midwest portfolios.
Investment Highlights
Team
Brokerage Team
CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.
With more than $11.4 billion in consideration and over 66.3 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.
