St. James Storage

Jon England and his team represented a private investor in the purchase of St. James Storage. He counseled the Buyer on the due diligence, financing and potential operations of this asset. Property: St. James Storage is a 40,500-square-foot self-storage facility located on 2.00 acres at 2201 St. James Court in Lawrence, Kansas. Constructed in 2000, the property comprises 11 buildings with 280 units, including non climate-controlled units and drive-up access. Security features enhance tenant safety and operational quality. The facility is currently 75% occupied, presenting an opportunity to drive NOI through lease-up and operational optimization. Located in the Lawrence submarket, the property benefits from a growing population base and proximity to major thoroughfares, providing convenient accessibility for tenants. With market rents above in-place rents, investors have the potential to capitalize on rent adjustments and increased occupancy. The asset is well-positioned for stabilized returns in a high-demand sector, offering an attractive value proposition in the self-storage market.