C2 Storage Portfolio

Investment Overview

Operating expenses at 29.96% of effective gross income, below the 35–40% range buyers typically underwrite, supported by low Arkansas property taxes that do not reassess on sale. Only boat and RV storage offering within 20 miles of the Dierks facilities, with 98 covered parking spaces across the portfolio serving lake and recreational traffic — a segment with limited regional competition. Geographic diversification across two distinct trade areas, with Glenwood serving the Caddo River in Pike County and the Dierks facilities serving Howard County and Dierks Lake, spreading tenant demand across separate local economies roughly 45 miles apart. Glenwood facility operating at 88.6% occupancy, demonstrating proven demand and stable cash flow while the Dierks properties offer the lease-up runway. Additional income stream beyond storage, including an on-site apartment at the South facility providing diversified in-place revenue. Expansion potential across 8.17 combined acres, with the North facility alone sitting on 3.85 acres supporting only 1,680 square feet of enclosed storage — substantial room to add units as demand warrants. Scale advantage over single-facility offerings, with 76,217 net rentable square feet across three locations providing a buyer immediate regional presence rather than a single-asset entry point.