Midland Storage

Jon England and his team represented a private ownership group in the marketing and sale of Midland Storage. The group received and unsolicited offer from a east coast fund and assisted the owner in negotiating a highest and best price for the facility. England and his team then assisted the Seller in successfully completing a IRS SEC 1031 Exchange.

Property:

Midland Storage is a strategically located self-storage facility in Saint Louis, Missouri, encompassing 48,800 square feet across eight buildings on 3.64 acres. Built in 1981, the property has been well-maintained and operates at 95% occupancy, demonstrating strong tenant demand. The asset comprises 395 units with diverse sizing options and includes three climate-controlled units and drive-up access. Modern security features are in place to ensure tenant safety, enhancing the property's competitive positioning in the market. This stabilized asset offers favorable investment metrics, including steady cash flows supported by market-aligned in-place rents. Located within the robust Saint Louis market, Midland Storage benefits from strong demographic and economic fundamentals in the surrounding submarket.