C2 Storage Dierks Facilities

Investment Overview

C2 Storage Dierks, a two-facility self-storage portfolio totaling 167 units plus an on-site apartment across 51,132 net rentable square feet in Dierks, Arkansas. The offering combines 19,040 square feet of enclosed drive-up storage, 1,600 square feet of shipping container storage, and 29,592 square feet of covered boat and RV parking across two properties located less than a mile apart. C2 South fronts U.S. Highway 70 West on 2.43 acres; C2 North sits on 3.85 acres on Herman Avenue. The value-add opportunity is straightforward. Vacancy is concentrated in the covered parking inventory rather than scattered across the enclosed units, giving a new owner a defined lease-up target in a segment with no competing boat or RV storage within 20 miles.

Investment Highlights

• * Value-Add Opportunity: Currently operated under mom-and-pop management with significant room to grow in-place income. Combined physical occupancy sits at 71.4% across the two facilities, with vacancy concentrated in the North facility's covered parking, offering clear upside for an active owner to lease up and optimize operations.
• * Only boat and RV storage facility within 20 miles, serving Dierks Lake recreational traffic with 69 covered parking spaces across both properties.
• * Opportunity for revenue growth through rent optimization, with current asking rates below proforma street rates across nearly every unit type, plus upside through tenant insurance and ancillary income that is not currently being captured.
• * Exceptionally low operating expenses at 25.74% of effective gross income, well below the 35–40% range buyers typically underwrite, driven by low Arkansas property taxes that do not reassess on sale.
• * Additional income stream beyond storage, including an on-site apartment at the South facility that provides diversified in-place revenue.