Kwik-Lock
Investment Opportunity

Stabilized facility with strong operating history
Significant upside available through revenue management, expansion, and tenant insurance sales
Well-positioned property in high population growth area with desirable demographics
Highway frontage with great visibility

Kwik-Lock Storage is a stabilized, 55,850 rentable square foot, Class B facility that sits on 5.89 acres. It consists of ten (10) buildings located in Newcastle, Oklahoma. The facility was built in three different phases (1997, 1999 and 2008) and comes equipped with concrete drives, perimeter security fence, keypad gate access (Digigate), on-site management office, security camera system, billboard, and monument signage. The project is located along Main Street (Hwy 277) and is just four miles south of Interstate 44 (I-44) the main thoroughfare connecting Newcastle to Oklahoma City. The opportunity provides further upside through a combination of realistic strategies:

• Effective tenant insurance sales strategy (it is currently offered but passively sold)

• Revenue management of existing tenants will increase topline revenue by $20,000 annually

• Street rates are significantly below the market and when compared to competitors’ rates within the trade area, there is ample room to raise rates and increase topline revenue by $75,000 without being the pricing leader in the market.

• The property is well-positioned to add climate control storage through the conversion of the front retail building and/or by adding another building on the expansion land. This addition would help further amplify the scale this property currently provides.

Considering the immediate scale, price per SF below replacement cost, attractive in-place yield with realistic room for improvement, and high barriers to entry based on market rental rates relative to construction costs, this is a compelling acquisition opportunity.