Phoenix & Southwest + Southwest + Industrial | February 19, 2021

Tulsa Self-Storage Asset Flips in Less Than 30 Days

Demonstrating the demand for storage facilities in tertiary markets, Tulsa Hills Storage, a 266-unit self-storage property, recently closed in less than 30 days. Attic @ Tulsa Hills LLC acquired the Tulsa property for an undisclosed purchase price.

Trey Hammond, Mike Mele and Luke Elliott of Cushman & Wakefield represented sellers Paul Korte, Brett Biery, Anthony Isler and McAuley Properties LLC in the transaction.

“Tulsa Hills Storage is a prime facility with above-market rents and high occupancy,” Hammond said. “Closing in less than 30 days to a regional investor looking to expand his portfolio, the transaction demonstrates the extremely strong demand for quality facilities in stable tertiary markets.”

Located at 8610 S. Elwood Ave., the facility includes 71 climate-controlled units, 176 non-climate-controlled units and 19 parking spaces for a total of 266 storage options. Tulsa Hills Storage offers units with drive-up access for consumer convenience, electronic gate access, a fully-fenced perimeter and 24-hour video surveillance.

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About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.