WP Carey 35 Property National Portfolio
CA, HI, FL, NC, TN, AR, LA, MO, TX, IL, and OH
Executive Summary
CBRE’s Self Storage Advisory Group has been exclusively retained to market and sell four distinct self-storage portfolios strategically concentrated across key states in Arkansas, California, Florida, Hawaii, Illinois, Louisiana, Missouri, North Carolina, Ohio, Tennessee, and Texas. This offering presents a compelling opportunity to achieve immediate scale in high-demand markets through the acquisition of well-located, high-quality assets.
Collectively, the portfolios comprise 19,826 units at 2,323,635 net rentable square feet of storage space along with 13,869 net rentable square feet of covered parking spaces and 285,086 net rentable square feet of uncovered parking spaces. As of June 30, 2025, the portfolios maintain a robust 90.6% physical occupancy rate.
The properties are situated in densely populated and economically vibrant markets, representing a combined population of 6,555,427, with a household income average of $89,832 and 140,428 residential units currently in the development pipeline within a five-mile radius of the portfolio assets.
Additionally, the portfolios benefit from favorable market dynamics, with an average of 9.9 square feet of storage space per capita within the same five-mile radius, underscoring the strength and sustainability of demand.
PORTFOLIO 1
- CA, HI
- 2,055 UNITS
- 211,987 SS NRSF
- 30,461 UNCOVERED PARKING NRSF
- 94.9% AVG. OCCUPANCY
- $94,484 AVG HH INCOME
- 109,161 AVG POPULATION
PORTFOLIO 2
- FL, NC, TN
- 5,238 UNITS
- 553,229 SS NRSF
- 13,869 COVERED PARKING NRSF
- 76,315 UNCOVERED PARKING NRSF
- 93.4% AVG. OCCUPANCY
- $84,519 AVG HH INCOME
- 195,661 AVG POPULATION
PORTFOLIO 3
- AR, LA, MO, TX
- 7,111 UNITS
- 839,996 SS NRSF
- 123,560 UNCOVERED PARKING NRSF
- 88.3% AVG. OCCUPANCY
- $82,009 AVG HH INCOME
- 217,389 AVG POPULATION
PORTFOLIO 4
- IL & OH
- 5,422 UNITS
- 718,423 SS NRSF
- 54,750 UNCOVERED PARKING NRSF
- 89.7% AVG. OCCUPANCY
- $100,766 AVG HH INCOME
- 174,828 AVG POPULATION
Team
Brokerage Team
CBRE Self Storage Advisory Group provides personalized and tailored services, backed by the nation’s foremost experience and technology, driving successful real estate outcomes for individual and institution investors alike. As the industry leader in self-storage advisory, we bring unmatched buyer exposure and market knowledge to each transaction, delivering maximum value to clients.
With more than $6.5 billion in consideration and over 45 million square feet sold since 2009, this self storage team led by Nick Walker offers customized investment sales, acquisition and recapitalization services, together with industry-leading market intelligence, to provide unmatched exposure to buyers across the country. By leveraging the strength of CBRE’s Self Storage Advisory Group, in conjunction with market research, a seamless execution process and long-standing relationships, the team can anticipate trends and command capital globally, validating CBRE’s Self Storage Advisory Group as the safest and best choice for results in the global investment property capital market.
