FreeUp Storage Simpsonville

Simpsonville, KY

FreeUp Simpsonville has demonstrated exceptional market performance since its opening in 2019, experiencing a strong and consistent lease-up. This rapid absorption of units underscores the significant demand for quality self-storage solutions in the area. A critical competitive advantage for this facility is its uncontested market position, as there is currently zero direct competition in the immediate vicinity. This unique standing allows FreeUp Simpsonville to capture a dominant market share without facing pricing pressures from rival facilities. SIG plans to add significant value to this already robust asset through several strategic initiatives. Our primary focus will be on finishing the lease-up of the remaining units, swiftly achieving full occupancy. Concurrently, SIG will implement more professional management practices, enhancing operational efficiency and customer satisfaction, which are crucial for long-term success. Furthermore, a key value-add strategy involves systematically bringing rents to market rates. Given the lack of local competition and proven demand, there's clear potential to optimize pricing, thereby maximizing the facility's revenue and overall profitability.
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    STABILIZED FACILITY

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    DIVERSE UNIT MIX

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    TOTAL 40,075 GSF

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    STRONG POPULATION GROWTH

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    CLASS-A PORTFOLIO

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    EXPANSION POTENTIAL

297
Units
40,075
Square
Feet

Target
Timeline

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