ACQUISITION
In December 2020, UPG brokered the acquisition of an existing single-story climate/non-climate facility consisting of 42,325 NRSF facility.
REBRANDING
The facility was re-branded “Storage Landing”.
EXPANSION
- During the next two years, UPG managed the addition of 43,288 NRSF expansions in two phases.
- The second phase delivered a multi-story 100% climate-controlled building at the frontage.
- A Grand Opening Celebration was held on site with Chamber of Commerce Ribbon Cutting on 4/26/2023.
SOLD!
While in lease-up of its final expansion phase that increased the property’s square footage to 85,613, UPG successfully brokered the sale of Storage Landing to a California-based private REIT, achieving a strong Internal Rate of Return (IRR) for its owner. Eric Kaplan of SSRA procured the buyer.
That’s one way to play the game!