Extra Space Storage (Managed)

Jon England and his team were the local component of a national platform hired to market this asset to a variety of regional and institutional investors to acquire a stabilized self-storage asset in Raytown (Kansas City), Missouri. The subject property consisted of 428 units across 11 buildings, totaling 51,080 square feet on 3.7 acres. Constructed in 1979, the facility features a mix of unit sizes of non climate-controlled units, drive-up access, and robust security measures. The property is currently 80% occupied, offering a value-add opportunity through lease-up to market occupancy levels with the utilization a quality third party management company. Strategically located at 9624 East 350 Highway in Raytown, the property benefits from strong submarket fundamentals, including steady demand for self-storage. With a diverse unit mix and the existing operational platform, investors expected to leverage the stabilized revenue stream while capitalizing on potential rent growth and occupancy improvements. This asset represented a compelling opportunity for both cash flow stability and long-term value appreciation in a proven self-storage market. Jon England and the national team were successfully able to position this property to a large pool of institutional and regional buyers one of who was able to close on the property.