Investment Overview
More Space Storage is a 416-unit, 61,630 SF self-storage facility in Papillion, Nebraska with 96,810 rentable SF. Property is currently 90% occupied and offered at a 5.6% stabilized cap rate. Built in 2020 and 2023, it is one of the newest and best-positioned assets in the Omaha MSA. Property features climate-controlled units, enclosed drive-up garages, secured outdoor parking, digital surveillance, and 24/7 tenant access. The facility is locally built and operated, operationally clean, and primed for immediate upside through straightforward rate optimization. No deferred maintenance. No partnership complexity. Just a modern, well-occupied asset in one of the fastest-growing submarkets in the region.
Investment Highlights
- New Construction Quality, No Near-Term CapEx Risk
- 90%+ Occupied — Revenue Upside is Rate-Driven, Not Speculative
- Proven Demand in a High-Growth Submarket
- Quantifiable Near-Term NOI Expansion
- Competitive Positioning in a Fragmented Market
- Straightforward Acquisition with Clean Ownership Structure