Southern EZ Storage

Southern EZ Storage is a 176-unit, 18,120 NRSF non-climate self-storage portfolio located in Crestview, Florida, comprised of two facilities situated approximately 0.4 miles apart at 150 Old Milligan Rd and 544 W James Lee Blvd along the US-90 corridor. The properties feature drive-up access, 29 outdoor parking spaces, metal construction, gated entry, cameras, and fencing, with strong visibility near traffic counts of ~21,000 VPD. In-place performance reflects meaningful upside, with physical occupancy of ~77% and economic occupancy of ~49%, as current rents are estimated ~39% below market, providing a clear path to NOI growth through disciplined rent increases and improved revenue management. The Crestview market benefits from rapid population growth, limited new supply within a 20-mile radius, and a stable economic base tied to Eglin Air Force Base and regional defense contractors, while ancillary income streams and operational efficiencies across the dual sites remain underutilized, offering additional value-add potential for a new owner.