Day: December 7, 2022

Overland Park, KS

Using the Market Discovery Tool from StorTrack Explorer, we were able to view market data on Overland Park, the second most populous city in the state of Kansas. With 20 stores in the city, the square footage per capita is less than six. There are two development projects in the pipeline, adding an additional 119,000 square feet by the end of 2023. However, with population projections, demand should offset this new supply. While the average rate per square foot remains relatively consistent in Overland Park (see above), the spread between…

Featured Broker: Parker Johnson

With an in-depth understanding of real estate market dynamics and utilization of data driven technology, Parker has proven to be a valuable asset to Storage Exchange and its clients. Prior to joining the Storage Exchange team, Parker worked as a residential real estate agent with Keller Williams in Newport Beach, CA. Connect with Parker: parker@storageexchange.com 949-533-6977

Recent Transactions: 11.29 – 12.6

Property: Michigan Center Storage Location: Michigan Center, MI Broker and Brokerage: Kirk Martin of the Lindsey Self Storage Group NRSF: 41,395 Property: Woodbury, CT Storage Development Opportunity Location: Woodbury, CT Brokers and Brokerage: Luke Dawley, Nathan Coe, Brett Hatcher and Gabriel Coe of the Hatcher-Coe Group of Marcus & Millichap NRSF: 23,690 Units: 217 Climate-Controlled Units Highlights: Fully Approved Class-A, All Climate Controlled, Single-Story Facility Affluent Area: Average Household Income of $138,630 for People Living within a Three Mile Radius Litchfield County Is an Affluent Secondary Home Market with High…